China Economic ReviewThe Beijing municipal government signed the last of the four contracts it offered through a public bidding system to build and run Olympic venues. This means the government has successfully found financing for all six of the first batch of building projects for the Olympics. The government holds only a 15 percent stake in the […]
Pfizer, the world largest pharmaceutical company, announced it would set up its regional headquarters and a clinical trial center in Shanghai, probably in the Zhangjiang hi-tech zone. Pfizer is the second multinational pharmaceutical company to set up a clinical trial center in China, after AstraZeneca. Swiss company Roche also has plans to open a research […]
Japanese electronics conglomerate Toshiba, which has invested a total of RMB 7 billion in China so far, said it would expand production capacity of notebook PCs in China by 70 percent within the next six months. Toshiba is forecasting China sales will make up 9 percent of its projected net sales revenue of RMB 427 […]
Australian mining giant BHP Billiton saw turnover increase 50 percent in the third quarter on the back of a building and investment boom in China. The surge followed a 120 percent increase in the company's turnover in the first half of the year. BHP recorded sales in China of US$450 million in the third quarter […]
Baosteel Group signed a long-term cooperation agreement with Dutch metal transformation and coating company Bekaert Group. Baosteel has been supplying Bekaert China with steel wire rods since October 2000 and the long-term cooperation agreement is seen as part of the company's push to become a dominant global player in the next five to 10 years. […]