China and India signed eight agreements during the first full day of Chinese Premier Li Keqiang’s visit to India.
1. Buffalo Meat
2. China has agreed to provide more information about how its dams are affecting the flow of rivers
3. Pilgrims
4. Sewage
5. Working groups
6. Water technology
7. Translation of books
8. Twinning
(via India-China Agreements: No. 1, Buffalo Meat - India Real Time - WSJ)
Last year, China exported about $13 billion in automotive goods to the United States — tires, wheels and radios that are sold as replacement parts — according to AlixPartners, a consulting firm.
(via Chinese Automakers Quietly Build a Detroit Presence - NYTimes.com)
Best Buy Co. Inc. might not be done with China just yet.
Despite widespread speculation on Wall Street that Best Buy will pull back from international retail, the Richfield-based company Thursday named a veteran retail executive in Asia to run its Five Star (五星电器)business in the world’s most populous country.
In a statement, Best Buy said Meng “Max” Zhou （周猛） is the new CEO in China, replacing Nicolas Wang, who resigned in March. Zhou, a Cornell University graduate, previously served as CEO for China of Central Retail Group (尚泰零售集团), the largest retailer in Thailand, and executive vice president and chief operating officer for China Paradise Electrical Limited (中国永乐电器有限公司), the third-largest electronics chain in China.
Best Buy hires new CEO for its China business | StarTribune.com
Baidu Inc., China’s largest internet search-engine operator, has purchased the online video business of rival internet video provider PPS for $370 million. (via China’s Baidu Makes PPS Buyout Official)
Nongfu Spring, one of the country’s largest water producers, said Monday that it is suing the Beijing Times for multiple news reports that labeled the company’s products substandard, claiming its reputation has been severely damaged. The lawsuit by the Zhejiang-based company, which has not yet been accepted by the Beijing Municipal NO.2 Intermediate People’s Court, demands 60 million yuan ($9.7 million) in compensation from the newspaper.
Nongfu Spring, one of the country’s largest water producers, said Monday that it is suing the Beijing Times for multiple news reports that labeled the company’s products substandard, claiming its reputation has been severely damaged. The lawsuit by the Zhejiang-based company, which has not yet been accepted by the Beijing Municipal NO.2 Intermediate People’s Court, demands 60 million yuan ($9.7 million) in compensation from the newspaper.
Panda in the Panda Park @ Chengdu, China.
She is sitting in the water to cool down!!! CUTE!
SHANGHAI—A Chinese car maker is setting up shop in the U.S., with small ambitions but a clear goal: Get the federal government to subsidize the sales of the company’s American-made electric buses. BYD Co., 002594.SZ 0.20% an electric-car and battery maker that counts Warren Buffett among its investors, will open an electric-bus assembly facility in Lancaster, Calif., on Wednesday.
Scientists in the United Kingdom and the United States are partnering to develop a classic farm animal—hornless dairy cows so cattle will not endanger humans, themselves and other animals in the vicinity of their swinging heads.
The Idea: After the Chinese government outlawed direct selling, Amway repeatedly revised its business model to build a reputation as an honorable corporate citizen. In 2006 it received a new license, and China is now its largest market. (via Amway’s President on Reinventing the Business to Succeed in China - Harvard Business Review)
21 years ago, in September 1992, Zhu Ling, a vivacious Beijing girl, started her college life in Tsinghua university, arguably the best University in China. Two and half years later, on April 28 1995, the girl was confirmed a victim of Thallium poisoning, lying in ICU ward unconsciously after suffering excruciating pains. She was the subject of a murder case. The date happens to be the official anniversary of Tsinghua university, an important day for all alumni to thank the institution for their education.
After dynamiting through landslide-blocked roads, Chinese relief crews hurried food, water and other supplies into the rural hills of China’s Sichuan province Monday, two days after an earthquake killed at least 188 people and injured more than 11,000. (via China rushes relief after earthquake kills at least 188, injures over 11,000 | Fox News)
