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Friday, February 22, 2002, updated at 09:13(GMT+8)

Overseas Companies in China
Haier, Sampo Team Up to Explore Cross-Straits Markets

Chinese mainland's leading electronic appliance maker Haier and Taiwan-based Sampo Corporation signed a strategic alliance agreement here Wednesday to market each other's products.

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Haier, Sampo Team Up to Explore Cross-Straits Markets
Chinese mainland's leading electronic appliance maker Haier and Taiwan-based Sampo Corporation signed a strategic alliance agreement here Wednesday to market each other's products.

UK Sandwich Shop Chain Chooses HK for Launch Into Asia Pacific Market
A leading sandwich shop chain in the United Kingdom opened on Tuesday its first branch in the Asia Pacific in Central, Hong Kong's business center.

U.S Financed Companies Show Great Interest in Chinese Market
Renowned U.S.-based transnational companies like Motorola, General Electronic, Honeywell now have a strong presence in China and are showing an even greater interest in the Chinese market.

Indian Software Companies Eye China's Market
More Indian software companies will come to explore China's huge market and establish co-operation with local hardware makers that will result in a win-win situation for both sides, an official at the Indian Embassy to China said.

KFC Outlets Spread in NW China, Number of Branches up to 600
Another branch of the America-based Kentucky Fried Chicken (KFC) opened for business Monday in northwest China's Gansu Province, bringing the number of KFC branches in China to 600, says the Beijing Youth Daily on Tuesday.
Some 120 more new KFC branches will open this year in China and Pizza Hut will open at least 25 new branches

Nokia Forecasts Sales Growth of 15% in China
The Finnish mobile phone maker Nokia expects its handset sales to grow by 10 to 15 per cent in China this year, but says the market outlook for its wireless infrastructure business here will be flat.

US Giant to Expand Potato Production in China
US-based farming giant J R Simplot plans to expand its potato production in China -- the world's largest agricultural nation -- and help the nation cope with the WTO competition.
Simplot executives said they aim to multiply potato output in China five-fold, as well as start a massive project to plant American sweet corn in the country.

McDonald's Eyes Beijing Airport
McDonald's, the American fastfood giant, plans to open an outlet in Beijing's international airport, according to an airport stuff.

U.S. Nacco's Logistics Arm to Move Regional Headquarters to Shanghai
The U.S.-based Nacco Industrial Group has decided to base some of its southeast Asian operations in Shanghai, company CEO Alfred Rankin said here Friday.

Matsushita Electric Moves to China
Matsushita Electric, the world's leading electrical appliance producer, is speeding up the transfer of its production operations to China.

Microsoft Eyes Chinese Market
Microsoft 's high-ranking vice president, Craig Mundie, said Thursday in Beijing that the world's computer software giant is entering into a new development stage in China. During a meeting with Beijing Mayor Liu Qi, Mundie said Microsoft aims to develop application software suitable to the Chinese market and support China's information industry project.

Microsoft Launches First Software Joint Venture in China
Microsoft Corp launched its first software joint venture in China on Wednesday in Beijing, with an investment of US$2.2 million.

Sanyo, Haier Forge Partnership to Expand Sales
Japanese and Chinese electronic giants Sanyo and Haier have entered into partnership in a fresh move to expand sales of products in each other's domestic market.
The two companies would set up a joint venture, Sanyo-Haier Co., Ltd., for selling Haier's quality electronic goods in Japan and Sanyo's products in China, taking advantage of the two companies' sales channel in their homeland.

China Motion, Ericsson Sign MOU on MVNO Partnership
China Motion Telecom International Limited and Ericsson Limited announced Monday that they have signed a memorandum of understanding to join forces in developing the Mobile Virtual Network Operator (MVNO) business in Hong Kong.

LG Invests in Electronics Joint Venture in East China
South Korea's LG Micron Ltd. recently signed an agreement on establishing an electronics joint venture in Fuzhou, capital city of East China's Fujian Province, to produce high-definition masks for color display tubes.

Macdonald's to Open More Shops In China
World fast-food giant MacDonald's said on Friday it would open 100 chain stores and train more employees in China every year till 2003, after it announced to close 250 stores in other countries.

World Construction Giants Eye Chinese Market
With China accepted as a World Trade Organization (WTO) member, more and more overseas house builders are casting their eyes on China as a potential market for their advanced housing ideas and techniques using environmentally friendly building materials.

Nestle Establishes R&D Center in Shanghai
Swiss food company Nestle set up a research and development center Friday in this east China metropolis in a fresh move to reinforce its technical support and new product development in the Chinese market.

Schroeder Congratulates Start of Production of Sino-German Steel JV
German Chancellor Gerhard Schroeder and Shanghai Mayor Xu Kuangdi Friday visited Shanghai Grupp Stainless to witness the production of the first cold-rolled stainless steel sheets from the Sino-German steel joint venture.

KFC Chain Stores Grow to 500 in China
Tricon Global Restaurants Inc., a U.S.-based fast food giant, said on Friday it has opened more than five hundred KFC chain stores in China.

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