British tobacco group Gallaher said it was close to finalising a deal with the Chinese
state tobacco monopoly under which one of its brands would be manufactured on the mainland
in return for a Chinese brand being made by Gallaher in Russia.
OK!, the British glossy celebrity magazine, has made a franchise agreement with Cinezoic
Media of Shanghai to launch a Chinese language version, the Financial Timesreported.
Commercials are to be banned during prime-time programmes on television and radio
from January 1 next year. Instead, they must appear at the start or end of a programme, under
new regulations from the State Administration of Radio, Film and Television.
WMC Resources of Australia, the world’s biggest nickel producer, has signed a deal worth US$676m to supply China Jinchuan with 120,000 tonnes of nickel-in-matte between
2005 and 2010. This quantity of nickel-in-matte, when refined into nickel, will represent
about one-fifth of China’s output of the metal.
Reports have suggested that Motorola has been in discussions with Semiconductor Manufacturing International Corp (SMIC) to swap a stake in its unprofitable wafer plant in Tianjin for shares in the Chinese chipmaker. Both parties declined to comment.