Shanxi plans big growth from ‘red tourism’

Shanxi plans big growth from ‘red tourism’

Xinhua

2014-06-21

“Red tourism” is gaining popularity in China as the government pumps money into developing sites related to the Chinese revolution.

Northern China’s Shanxi province in particular is trying to accentuate the historical credentials of its revolution-era bases so it can attract tourists and enjoy faster growth. Read more of this post

3D printing industry begins to boom in China

3D printing industry begins to boom in China

Xinhua

With products ranging from stem cells, shoes and mini-statues, 3D printing has started to boom in China amid the industry’s rapid development worldwide.

Qingdao Unique Products Develop Company announced that adipose-derived stem cells and corneal stromal cells exported via a biological 3D printer had survived for nine days. Read more of this post

The remarkable rise of reverse-engineered private-label coffee pods

The remarkable rise of reverse-engineered private-label coffee pods

By Max Nisen @MaxNisen June 20, 2014

The coffee roaster and single-serve coffee machine maker Keurig Green Mountain has been extremely successful over the last few years, becoming one of America’sdominant coffee brands. But it has been challenged by a rising number of K-Cup pirates—private label companies making much cheaper Keurig-compatible single-serving pods, without paying a dime to Keurig for licenses.

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To be clear, this “piracy” is not illegal, and in fact private labels are by far the fastest growing segment of the single-serve market, dramatically outstripping Keurig’s own brands and high-profile partner companies such as Starbucks. Private-label market share has grown to 9.3% of the total, according to a Credit Suisse research report. And private-label sales growth has been absolutely spectacular over the last year: Read more of this post

Mega Study, Korea’s largest online education service provider, said Friday its largest shareholders have dropped a plan to sell their stake because the offer from potential buyers failed to meet their expectations

Mega Study owners drop plan to sell stake

2014.06.20 16:57:42

Mega Study, Korea’s largest online education service provider, said Friday its largest shareholders have dropped a plan to sell their stake because the offer from potential buyers failed to meet their expectations.  Read more of this post

YPD Region in S. Korea emerges as the Mecca of global knitwear industry

Region in S. Korea emerges as the Mecca of global knitwear industry

2014.06.20 17:

“When buyers in Los Angeles order fabrics for knitwear, it takes about two months for Chinese companies to deliver them to their office. But companies in Yangju, Pocheon and Dongducheon (YPD) in South Korea can perform the job just in a month as both the process from the beginning to shipment and transportation take two weeks respectively,” said Gwon Byung-hee, chief of a textile exporter based in Uijeongbu, Gyeonggi-do, South Korea.
YPD is emerging as the heart of the global knitwear production, as the apparel consumption pattern is shifting from woven fabrics to more luxurious knitwear especially in developed countries. The success is believed to have stemmed from the fact that YPD has about 3,000 companies specializing in each phase of the textile production such as knitting, dyeing and post-processing and the firms’ cooperation system is working very well because they are located in one hour car-ride distance. As a result, large textile fashion companies such as LG Fashion and Kolon are flocking to YPD to set up knitwear production plants and research institutions.  Read more of this post