Private equity and venture capital investor Carlyle Group, now headed by ex IBM Chairman Lou Gerstner, said it will double its US$150 million in China investments within the year and increase them to more than US$1 billion eventually as the mainland sells off more assets. Its three funds invested in Asia currently hold assets of […]
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Sanyo Electric said it planned to treble commercial air conditioner production, to 90,000 units, for the mainland market in the coming financial year.
China Huaneng Group submitted a bid to buy 16 second-hand dry-bulk vessels from red chip Top Glory International Holdings for US$395 million, an official from affiliate Huaneng Power International reported.
Fearing its more stringent economic controls could actually precipitate a hard landing for China's booming economy, sources in Beijing said the central government would begin easing restrictions next month, the South China Morning Post reported. The announcement would be formally made at an economic planning conference in November, the paper said, suggesting the changes would […]
Li Ka-shing linked Hutchison Port Holdings said it had finalized a deal that will give it four more berths in Shanghai's Waigaoqiao port development after the Hong Kong-based firm agreed to form a 50-50 joint venture with state-held Shanghai International Port Group to invest in a 50-year concession at Waigaoqiao Phase V. Assuming the deal […]