Category archives: Business

The performance of the Chinese market, driven mostly by category breakthroughs and capacity development, has fueled the growth of global beverage giant Coca-Cola according to its third quarter fiscal report. On Oct 27, the Coca-Cola Company said it has recorded third-quarter net revenues of $10.04 billion, up 16 percent year-on-year and exceeding market expectations of $9.75 billion. Its net income reached 2.47 billion, up 42 percent year-on-year. In terms of sales, global unit case volume grew 6 percent. Asia-Pacific unit case volume grew 3 percent year-on-year driven by India and China, resulting in even performance on a two-year basis. Its

Nanshan district in South China"s Guangdong province ranked first among the top 100 Chinese districts this year, followed by the province's Tianhe district and Futian district, a report from CCID Consulting said Tuesday. Directly affiliated with the Ministry of Industry and Information Technology, the consulting company analyzed the districts in China according to five dimensions – economic power, growth momentum, internal supporting ability, regional function and shared development. The study, which excluded municipalities as well as the Hong Kong and Macao special administrative regions, assessed 906 districts of prefecture-level cities, requiring a regional GDP exceeding 80 billion yuan ($12.34 billion),

High commodity prices have hit sustainability of earnings recovery More policy efforts are necessary to address the imbalance in the earnings recovery of Chinese industrial firms, as high commodity prices have further boosted upstream companies" profits but squeezed those of downstream ones, officials and experts said on Wednesday. China's major industrial enterprises-whose core annual business revenue reaches at least 20 million yuan ($3.1 million) each-earned profits of 6.34 trillion yuan in total over the first three quarters, up 44.7 percent year-on-year, the National Bureau of Statistics said on Wednesday. Despite the strong recovery in total profits, structural imbalances have intensified