China Economic ReviewUS banking giant Citigroup is buying a 5 per cent stake in Shanghai Pudong Development Bank, Bloomberg reported. Citibank Overseas Investment Corp will pay Yn600m for the stake, or Yn3.32 a share, and buy another 1.7 per cent from Shanghai Jinqiao Export Processing Zone Development Co, as part of its parent's plan to take a […]
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 […]
China's private enterprises have huge potential but they lack funds. Investors able to supply capital will unlock a vast reservoir of pent-up demand, writes Francis Bassolino. Until now, foreign direct investment (FDI) has been the only viable vehicle for direct equity participation in mainland Chinese markets. Over the coming decade, however, this situation will change. […]
China Ocean Shippi, shipng Co (Cosco) is tapping the international market for financing the building of some of the world's largest container ships. It is seeking up to US$500m to build a probable total of six ships of around 7,000 teu in capacity. Recently, Cosco has ordered new container ships from yards in South Korea, […]
Mayborn of the UK is to move certain manufacturing processes carried out by its baby products division to a new unit in Guangdong province. French car-maker PSA Peugeot Citroen plans to form a joint venture with China's third largest car-maker, Dongfeng Motor, to manufacture Peugeots in Wuhan in Hubei province. Taiwan-backed Semiconductor Manufacturing International […]