Trade: Discount mall planned
Updated: 2006-04-25 14:42
China's largest retail group will open a discount mall
for brandname goods this week as part of a plan to shift its focus to the
upscale retail market. Shanghai Brilliance (Group) Co Ltd will own about 95
percent of Shanghai Outlets Brand Direct Sale Plaza Co Ltd, with the remaining
stake held by Hong Kong-based Wharf (Holdings) Ltd. The two companies have
invested 470 million yuan (US$58.7 million) in the new company. (Shanghai
Daily)
The Fujian Technology & Projects Fair which is slated on June 18 this year has
collected more than 450 projects (including 301 Russian projects) from more than
10 European and American countries so far with 310 items from Russia, according to
the Fujian provincial department of personnel. (People's Daily)
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