Coca Cola to increase prices
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China's business press carried the following stories on Wednesday. China.org.cn has not checked the stories and does not vouch for their accuracy.
Coca Cola to increase prices--Economic Information Daily
Coca Cola's bottling company in Hangzhou will increase the price of Coke products by about 5 percent, including carbonated drinks, juice, teas, water and milk drinks.
The Hangzhou bottler said the price increase is caused by the rising cost of sugar, packaging and raw materials.
Other domestic beverage makers such as Huiyuan, Uni-President and Wahaha, haven't considered following Coke yet.
China overhauls car makers on overcapacity woes—China Business News
Domestic car manufacturers were recently ordered to submit their investment and construction plans, from last April to present, to the Ministry of Industry and Information Technology by January 30, 2010, due to fears of overcapacity after a car buying spree last year.
The move is to help the ministry attain a full picture of the industry by knowing their projects and thus manage the industry better as a whole, according to an official of the ministry.
"It is worth doing for the ministry, because some figures are too good to be true. The rapidly increased capacity is likely to lead to too many cars and not enough buyers this year,"said Chen Wenkai, CEO of gasgoo.com., a Chinese website covering automotive news.
HNA completes purchase of Australian aircraft leasing assets—China Business News
HNA Group, a state-owned transport and logistics company, concluded the purchase of leasing business of Australia's flight leasing company Allco Finance Group yesterday, eight months after the deal was signed.
The US$150 million deal was carried out through HNA's wholly-owned company in Hong Kong. The business will bring in an estimated US$572 million to HNA By 2020.
The acquisition was approved by Chinese and Australian governments in the second half of 2009.
