From the category archives:
Yum Brands, operators of KFC and Pizza Huts, opened 500 new restaurants in China last year and expects to open roughly the same amount this year.
“We are on the ground floor of a huge, long-term growth opportunity in China…the best restaurant opportunity in the world, bar none.”
I couldn’t agree more. If you want to own [...]
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Japan exports millions of cars but the Japanese themselves are big car buyers too. At least they were.
Domestic sales of autos in Japan dropped by 28% in January, the biggest one month drop since 1974. It is also the sixth monthly drop in a row.
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China is still growing — just not as fast as it used to. The Port of Tianjin Port, the largest port in north China, handled 354 million tons of cargo over the last year, a 19.7% increase over the previous year.
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The Chinese use a different calendar than we do. That is why they are celebrating New Years this week.
Over the last 12 months, the Shanghai Composite Index lost 66% of its value.
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The third largest iron company in Australia, Fortescue Metals Group, predicts that worst is behind China and that a recovery is around the corner.
“2009 and certainly this quarter, I believe, will be the bottom of the market.”
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China has already approved a $580 billion stimulus plan, but it seriously considering spending even more money. Chinese Premier Wen Jiabao said:
“We may take further new, timely and decisive measures. All these measures have to be taken pre-emptively before an economic retreat.”
“We must take forceful steps. Under special circumstances, necessary and extraordinary measures are required.”
Like [...]
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The Chinese Purchasing Manager’s Index dropped for the sixth month in a row in January.
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The demand for oil in China declined by 4% in December. That is the steepest monthly demand decline in the last 10 years and second monthly demand decline in a row.
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Research company comScore (: ) reported that the number of people using the internet hit 1 billion for the first time in December.
It also says that 18% of those users are from China. A whopping 41% of that 1 billion users were from Asia.
North America only produced 18% of those users.
The future of [...]
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Tens of thousands of Chinese factories have been shut down.
According to the National Bureau of Statistics, six million workers in China have returned to their rural interior homes after losing their jobs in the costal cities.
“Out of the migrant workers that have returned home, about 20 percent have done so because the plant where they [...]
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