Government to offer more land in big cities to meet demand
Philips Lighting Holding BV, a Royal Philips company, will further accelerate its research and development pace in China to compete with other established rivals over the next five years, a top executive said.
Commerce Minister Gao Hucheng said China is capable of putting its economic growth on a firmer footing despite the fact that no exact growth target for foreign trade was set out in the Government Work Report this year.
Despite the global economic slowdown, Italian luxury fashion house Fendi SRL is strengthening its presence in China's watch market and plans to open more stores in second- and third-tier cities across the country.
Chinese companies prepare to modernize rail systems globally
Overcapacity and weak market demand may be affecting many sectors, leading to layoffs, but China's high-speed trainmakers are bucking the trend and intent on adding value to their human resources, even smashing some gender barriers in the process.
Company says it is working toward a resolution of the issue
BAIC Group is seeking to raise about 3 billion yuan ($460 million) in a financing round for its electric-car business, with plans to sell shares in the unit on Shanghai's exchange for emerging companies, according to sources.
Australian investment company Australian Rural Capital has announced to the stock exchange it is partnering with Shanghai Pengxin Group to buy S. Kidman & Co, Australia's largest private landholder with properties covering 101,000 square kilometers in Western Australia, South Australia, the Northern Territory and Queensland.
COFCO Property (Group) Co Ltd plans to raise up to 5 billion yuan ($768 million) in a private placement of shares to fund new projects and to repay debt.
A package I recently received from an e-tailer helped me truly understand what "intensive care wrapping" means.
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