Shuanghui gets $7.9b loan for Smithfield acquisition
2013-06-20 13:41:04
Chinese pork manufacturer Shuanghui has received $7.9 billion in loans from Bank of China and Morgan Stanley for its acquisition of America’s largest pork producer Smithfield Foods.
Shenzhen to be third largest container port: report
2013-06-20 13:24:10
Shenzhen will surpass Hong Kong for the first time ever to become the third largest container port in the world, according to a report released in Beijing on Monday.
Wanda announces $1.6b UK investment
2013-06-19 14:16:36
Dalian Wanda Group Corp Ltd announced Wednesday in Beijing that it will launch a £1-billion ($1.6-billion) investment for the overall control of UK luxury yacht manufacturer Sunseeker and construction of a five-star hotel in London’s core area
Chinese expat population highest in Japan
2013-06-19 13:28:37
The number of Chinese living in Japan is still the highest of all expat nationalities despite an overall decrease in expat numbers, according to statistics released by the Japanese Department of Justice on June 14.
Huawei denies Nokia acquisition
2013-06-19 10:56:56
Huawei has denied a foreign media report that the Chinese telecom group is planning to purchase Nokia.
Debate rages over lingua franca
2013-06-18 21:52:39
The second New York Forum Africa concluded in Libreville, Gabon on Sunday. The forum saw people from around the world discuss the future of Africa but the lingua franca soon became a hot topic.
7-Eleven to open 300 stores in Chongqing
2013-06-18 21:51:06
The world's largest convenience store company, 7-Eleven, plans to open 300 stores in Chongqing, it announced on Monday.
Carrefour to enter 30 new Chinese cities in three years
2013-06-18 20:39:34
French Carrefour SA, the world's second-largest retailer by revenue, said on Monday that it will set up operations in 30 new Chinese cities in the next three years.
RMB appreciation stimulates outbound travel
2013-06-18 14:44:23
The continuous appreciation of the Chinese RMB has greatly stimulated the overseas travel market and the outflow of luxury goods consumption.
RMB internationalization still has a long way to go
2013-06-17 15:43:00
The internationalization of RMB, the Chinese currency, is currently in a high growth phase and the yuan could soon catch up with the Yen and British Pound Sterling (GPB) with appropriate measures, Beijing Times reported.
Italian culture pavilion to open in Beijing
2013-06-17 15:29:55
The Italian Living Experience, a pavilion for Italian culture and life, will open its doors to the public on June 28 at Beijing 751 Park. Italian living Experience, designed by Fabio Rotella
GEFCO expands business in South China
2013-06-17 15:06:51
GEFCO, a European leader in automotive logistics, has opened an office in Shenzhen while establishing a South China business area, in order to provide better solutions for targeted customers, yicai.com reported.