China Economic ReviewShanghai’s first foreign-invested hospital is to be set up in Changning district, in the west central area of the city, Jiefang Daily said. The hospital will be a joint venture between Changning District General Hospital and Chindex International, a US company that set up China’s first foreign-invested hospital in Beijing in 1997. Chindex will hold […]
Japan’s Nippon Steel is entering the Chinese house-building market by licensing its hightension steel frame technology construction technology to Beijing New Building Materials, Japan Times said. The two firms plan to build more than 30,000 houses between now and 2005.
General Electric is investing at least US$12m in a new research and development centre in Shanghai, Reuters reported. The centre is expected to begin operations in 2003 and will employ 400 staff. The head of GE (China), Steven Schneider, said that the company anticipated sales in China to expand by 18-20 per cent a year […]
The Ministry of Railways has given two foreign companies the go-ahead to compete for contracts to upgrade China’s data-storage facilities, reported South China Morning Post. Hitachi Data Systems and EMC will vie with each other to supply advanced storage systems for passenger ticket bookings that will replace the outdated infrastructure used in 14 railway bureaux […]
China Telecom has been urged by the Ministry of Information Industry to speed up preparation work for the splitting of the company into two fixed-line operators. The central government ordered the break up to stimulate competition as part of the country’s World Trade Organisation accession terms. However the creation of the two companies covering separate […]