NEWSROUNDUP
Foreign delivery companies with opera-
tions in China will still be permitted to deliv-
er express packages domestically, as well
as express letters internationally. The Con-
ference of Asia Pacific Express Carriers
(CAPEC), which represents the four global
giants lobbied against the amendment.
The provision would ‘erode the competi-
tiveness of foreign invested firms against
their domestic counterparts in the wider
express market’, said a CAPEC statement.
Express delivery is big business in China,
accounting for about 43 per cent of the
$14 billion ($19.6 billion) in revenue in the
nation’s postal system last year, the report
said.
Legal
China’s new policy protecting the domestic
Ice arrives hot from China HR
express market has big players such as TNT,
A man has been charged with smug-
FedEx, DHL and UPS concerned.
gling from China a precursor chemical China’s Best Employers
commonly used to make the illegal drug Hewitt Associates recently released
ice hidden inside photo frames. A package a study which revealed the best employ-
China’s
containing about half a kilogram of the ice ers in China based on a survey of over
precursor ephedrine, hidden inside photo 38,000 individual employees representing top 10
frames, was intercepted by customs offi- the views and opinions of over 500,000
cers at the Australia Post Sydney Gateway employees. The Hewitt Best Employers
Employers
facility last month. Customs and Border in China 2009 Study is one of the largest
Protection spokesman Richard Janeczko pieces of employee research ever con-
said the package was sent from China to a ducted in China.
Melbourne address.
1
SAS Institute
Greater China
China manufacturing recovery?
2
Shenzhen
Catic Group
Manufacturing in China expanded in April
-- the first time in nine months -- a leading
independent index reported recently, con-
3
McDonald’s
(China)
firming official data indicating that the key
sector is stabilising.
4 Wal-Mart (China)
The CLSA China Purchasing Managers
Index, or PMI, a closely watched indicator
5
Johnson & Johnson
in the world’s third-largest economy, rose
Medical (China)
sharply to 50.1 in April from 44.8 the pre-
vious month.A number above 50 means
6
Aviva-Cofco Life
manufacturing expanded.
The independent reading supported the
7
Yantai Wanhua
trend seen in the official PMI that saw the
Polyurethanes
sector rise to 53.5 in April, up from 52.4
in March.Manufacturing accounts for more
8
General Motors (China)
than 40 percent of the economy in China,
which has been hit hard by evaporating
9
Ernst & Young
demand for its products.
- Associated Press
10
China Vanke
www.chainaonline.com MAY/JUNE 2009 19
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