China Economic ReviewToshiba Corp and Chinese appliance giant TCL International Holdings Ltd signed a comprehensive business cooperation agreement to make and market white goods, according to a Nihon Keizai Shimbun report. Described as one of the largest JV deals in China's white goods sector to date, the companies reportedly plan to spend around 5bn yen to build […]
China Network Communications Group Corp hinted that talks over taking a major stake in Hong Kong fixed-line provider PCCW could end without a deal. Its spin-off China Nedtcom plans a US$1.2bn listing in Hong Kong and New York. China Netcom Group President Zhang Chunjiang, who is also chairman of the company's listing vehicle, China Netcom […]
BNP Paribas of France received approval from the State Administration of Foreign Exchange to invest US$75 million in yuan-denominated shares and bonds, according to SAFE's official web site. With BNP's entry into the arena, the total amount foreign institutions can invest under China's qualified foreign institutional investor (QFII) program rises to US$3bn.
China's wheat crop is projected to cover 21.20 million hectares this year, an increase of one million hectares representing a growth of nearly 5% in the amount of land allocted for the grain, according to the State Grain and Edible Oil Information Center. Officials attributed the rise to the 40% increase in the price of […]
While China works towards becoming the world's top tourism destination, Chinese space officials are preparing for Chinese to travel in space within 20 years, state media reported. Yuan Jiajun, chief commander of China's space program and president of the China Academy of Space Technology, said China will establish "a sound mechanism to commercialize its space […]