Subway seeks rapid growth in China

Sandwich maker Subway aims to more than double its number of stores in mainland China by 2015, a company executive told state media on Monday. Subway, which has overtaken McDonald’s as the fast food chain…

Two SOEs top list of dream employers among grads

Two large State-owned enterprises (SOEs) top the list of most-favored potential employers among university students this year, according to a recent survey by online recruitment company ChinaHR.com. China Mobile and Bank of China ranked in…

China’s old-age subsidies benefits 8 mln people

Chinese Minister of Civil Affairs Li Liguo said Monday the country’s old-age subsidies system has expanded to 14 provincial-level regions, benefitting 8 million citizens aged above 80. Last year only six provincial-level regions introduced the…

Antwerp diamond industry ties up with China

The Antwerp diamond industry, world capital of the gem, on Monday announced an investment deal with leading Chinese bank ICBC. The Antwerp World Diamond Centre (AWDC) in a statement announced the deal with ICBC, which…

Alcatel announces contract with China Telecom

Telecommunications group Alcatel-Lucent said on Monday that it has been selected by China Telecom to supply multimedia services to 120 million Chinese consumers in six provinces. China Telecom has selected Alcatel-Lucent “to deliver multimedia services…

China has 7.3 mln hectares of reserve farmland

China has 7.34 million hectares of “reserve land” that can be developed into arable land, the Ministry of Land and Resources said in a research report published Monday. The reserve land mainly lies in dry…