The Chinese roast duck restaurant chain, Quanjude, has announced plans to invest CNY119 million to expand its restaurant in Wangfujing in Beijing.

The global consumer goods manufacturer Procter & Gamble has announced that it will invest USD248 million to build a manufacturing base in Tianjin.

The Taiwan-headquartered supermarket group RT-Mart has signed an agreement with Taizhou, Jiangsu, to open a new supermarket, which is expected to start construction in October 2009 and open to business during the National Day holiday in 2010.

The U.S. electronics retailer Best Buy has published a report, which states Five Star Appliance, a Jiangsu-based Chinese electronics retailer, has now become a wholly foreign-owned company.

Chinese consumer electronics retailer and distributor China 3C Group has signed a definitive agreement to acquire 100% of Jinhua Baofa Logistic Ltd., a logistic company in eastern China, through its subsidiaries Zhejiang Yong Xin Digital Technology Co., Ltd. and Yiwu Yong Xin Communication.

Convenience Retail Asia, a member of the Li & Fung Retailing Group, has announced that the company will acquire an additional 25% equity interest of Convenience Retail Southern China for CNY15 million, increasing its holdings of Convenience Retail Southern China from the current 73.5% to 98.5%.