NEC of Japan is forming a joint venture to build a liquid crystal display production facility
in Shanghai at a cost of US$700m, the Financial Times said.
The Ministry of Culture is conducting feasibility studies into allowing foreigners to invest in ownership of entertainment venues in China, China Youth Daily said.
Swiss watch maker Rolex is to invest US$12.5m in a trading firm and repair and service company in Shanghai, South China Morning Post said.
PetroChina plans to increase ethylene production by 44 per cent in the next three years by expanding two existing plants in China’s north and west, Reuters reported.
The Swiss-based pearl retailer Golay Buchel plans to enter the Chinese retail jewellery market, estimated to be worth Yn100m through forming partnerships with local firms.