Other Industries « Week In China

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Other Industries

One of China’s oldest monopolies finally gets broken up
May 13, 2016 (WiC 324)

China’s salt monopoly dates back more than two millennia. For hundreds of years the country’s emperors relied on salt taxes to fund their military might. Later, the proceeds paid for parts of the Great Wall. With that kind of history, news ...

Elevator inquiry uncovers fake products – but foreign firms still prospering
Dec 5, 2014 (WiC 263)

As far as sales pitches go, the technical director of the Congzhi Elevator Parts Factory still has a lot to learn. Xinhua has reported that the executive – who it says is surnamed Wu and is based in Foshan in Guangdong – has been explaining ...

NVC Lighting founder ousted for a third time in amazing corporate row
Aug 22, 2014 (WiC 249)

When Steve Jobs was kicked out of Apple in September 1985 – and in the process ousted as chairman of the board – the stock price went up 7%. If that weren’t maddening enough, the board also sued him for “breaches of fiduciary ...

Will scandal impact Sany Heavy Industry’s forthcoming Hong Kong IPO?
May 6, 2011 (WiC 105)

There’s no good time to be accused of bribery, but last month’s revelations came at a particularly bad time for Sany Heavy Industry. The Shanghai-listed construction equipment maker has a Hong Kong IPO thought to be a little over a month ...

DHL’s big plans for Shanghai
Jul 30, 2010 (WiC 71)

Discovering that one of your main competitors also happens to be setting the rules in your industry is never going to be a pleasant experience. And the message was reinforced last October in reforms to the Postal Law, which confirmed China ...