China Economic ReviewThe flow of investment into Shanghai during 2002 from the cities of Wenzhou and Ningbo in Zhejiang province is expected to be around Yn10bn, according to a study conducted by the Shanghai Academy of Social Sciences. Recent investments include a highest bid of Yn3.2bn from a Wenzhou contractor for a highway project to link Shanghai […]
Malaysia's Wah Seong Corp has acquired a 50 per cent stake in Hubei-based Socotherm (Shahsi) Pipe Coating Co. The two firms will work together coating pipes on the eastwest gas pipeline linking Shanghai with Xinjiang. Socotherm is already working on an 800km section of the project. Wah Seong also hopes to become involved in its […]
Chinese battery maker BYD announced that it was acquiring a 77 per cent stake in motor manufacturer Xian Zhen Chuan Automobile for Yn270m. The two state-owned companies that were the original owners will continue to hold the remaining 23 per cent. Xian Zhen Chuan makes cars under the Flyer brand. Last year, it posted a […]
GE Capital is the group's huge financial services arm, and perhaps the most aggressive of its divisions around the world. GE Capital accounts for more than 40 per cent of GE's revenues and, under Jeff Immelt, its structuring and operations have been changed to give investors more clarity on its finances. From 1995, the division […]
Chinese companies are rapidly establishing manufacturing plants in the Middle East, according to an article in Gulf News. Projects include a US$6m colour television plant in the UAE, a US$15m oil pipeline flange factory in Qatar, a US$20m cable unit in Saudi Arabia and an industrial park in Bahrain that will contain at least 10 […]