China Economic ReviewChina attracted US$24.58bn in foreign direct investment in the first half of 2002, 19 per cent more than in the same period last year, Xinhua reported. The total for the first five months was US$16.92bn, indicating that US$7.66bn was invested in June. Contracted FDI over the six-month period was nearly US$44bn, a year-on-year increase of […]
The first top-level government approval for majority foreign ownership of a port project has been granted, said Maritime Asia. The Ministry of Communications has given approval to Pacific Ports to take a 60 per cent stake in two berths in Xiamen, in return for a Yn500m investment. Although Pacific Ports holds majority stakes in other […]
Thames Water of the UK is to spend US$72m to acquire a 48.8 per cent stake in the Hong Kong-based China Water Co. As the largest shareholder in the company, Thames said it would provide operational and technical expertise to help the firm expand in China. It added that it would use its investment to […]
Interbrew of Belgium, brewer of Stella Artois and Labatt beers, announced that it has agreed to buy a 24 per cent stake in Zhujiang Brewery and plans to raise its stake as it expands its presence in China. No financial details were revealed, but Interbrew said that the purchase preceded an IPO by the Chinese […]
Lots are being sold to Japanese firms wanting to invest in an industrial park in Kunshan, Jiangsu province. Mitsui & Co has teamed up with the city government and a Taiwanese company to assist Japanese companies with plant construction and goods distribution in the area. They expect 80 firms to move into the 200-hectare park.