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Source: Global Times Published: December 18, 2011 22:44
China used to be known as a source of cheap and plentiful labor for overseas manufacturing companies, but things are changing. Labor costs have risen sharply in the last few years and China now faces competition from other Southeast Asian nations.
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Source: Global Times Published: December 15, 2011 21:53
Back in April, Fitch Ratings, one of the world's three big credit ratings agencies, issued a warning about China's credit rating.
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Source: Global Times Published: December 13, 2011 20:28
A number of US-listed Chinese companies have recently encountered a serious threat to their survival: short-sellers, who borrow stocks and sell them, and then hope to make a profit by buying them back at a lower price.
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Source: Global Times Published: December 12, 2011 18:47
Two Chinese appliance and electronics retailers, regarded by some as the country's answers to Best Buy Co, are racing to beef up their e-commerce arms and tap the booming but highly competitive online retail market.
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Source: Global Times Published: December 11, 2011 19:49
Zhou Jin, a 30-year-old who works in Beijing's central business district, wants to buy a car and has applied for the license-plate lottery.
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Source: Global Times Published: December 08, 2011 20:46
Building a delivery team has become a trend among China’s online retailers as companies like Jingdong, E-Commerce China Dangdang Inc and Joyo-Amazon have added “delivery team” to a list of ways to draw customers.
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Source: Global Times Published: December 07, 2011 18:16
Beibingyang is back. The company first began selling its drinks in China in 1936, and became the most popular drinks brand among Beijing citizens. But after forming a joint venture with PepsiCo in the 1990s, Beibingyang drinks gradually faded from the market.
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Source: Global Times Published: December 06, 2011 20:09
As the world’s major central banks hurriedly announced measures to ease stresses in global funding markets last week, China may have felt compelled to bring forward a move to relax policy that it could otherwise have delayed for a few weeks.
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Source: Global Times Published: December 05, 2011 22:00
In August, the German airline Lufthansa launched a luxury service to fly Chinese residents to Germany for what amounts to a doctor's visit that costs between 195,000 yuan ($30,605) and 260,000 yuan per person.
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Source: Global Times Published: December 04, 2011 20:57
Since the country designated March 15 as a day for the protection of consumer rights in 1987, awareness of the issue has grown among Chinese people.
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