Sales last year by German auto parts maker Robert Bosch in China were 30 per cent higher than in the previous year, powered by rapid growth in the motor vehicles sector.
Tokai Rika of Japan plans to invest US$8m over the next five years in its Tianjin subsidiary to build a new production line to manufacture car locks and expand output capacity of switches, Nikkei said.
US-based Smiths Aerospace has opened an aircraft engine components manufacturing facility in Suzhou, Jiangsu province, Interfax news agency reported.
US investment bank Morgan Stanley is investing US$90m to build luxury apartments and retail space near Xintiandi in central Shanghai, Dow Jones reported. FDP Savills International,which is marketing the Jinlin Tiandi project, said that refundable deposits had been received from 700 potential buyers for the 90 residential units available.
Oki Data, a subsidiary of Oki Electric Industry of Japan, is shifting its production of
black-and-white printers from Thailand to China to cut production costs, Nikkei said.
Boeing plans to invest US$100m in a joint venture aircraft maintenance centre in Shanghai,
reported China Daily. The chief executive of the US defence and aerospace group was
quoted as saying that the venture would be set up with local partners this year.