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The United States is expected to be the second-largest destination for Chinese outbound mergers and acquisitions this year, with high-tech companies being the most-sought-after targets, experts from Deloitte said on Wednesday.
Chinese acquirers in 2014 completed just 67 percent of their outbound mergers and acquisitions deals, far less than developed-world acquirers, according to a report by the Boston Consulting Group.
A consortium led by Chinese and Indian railway companies has been chosen to conduct a feasibility study on a 1,200-kilometer high-speed railway line between New Delhi and Mumbai, indicating that Chinese railway firms are making rapid strides in the lucrative Indian market.
Carmaker may find the going tough in China after pollution-cheating scandal
China National Petroleum Corporation plans to attract private investment for part of its West-East gas pipeline business. The company is also planning to restructure its oil and gas-service company.
China National Offshore Oil Corporation, the country's largest offshore oil and gas producer, is forming a joint venture with a private company for deep-water oil exploitation and exploration, in what is being seen as a major step forward in its plans for a more mixed-ownership structure.
Most of the Japanese companies in China are willing to expand their operations, signaling improved business sentiment after a sharp contraction last year, a top Japanese trade official said on Wednesday.
Glass and ceramics maker Corning Inc said on Tuesday that it was open to new investments and acquisitions for growth, amid an economic slowdown in the world's second-largest market.
Low level of innovation is affecting the Chinese manufacturing industry's ability to grow from "big" to "strong", according to an industrial report released on Tuesday.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
