BUSINESS >> Companies

AstraZeneca's new China JV

UK drugmaker AstraZeneca plans to expand its Chinese business with a new drug development joint venture (JV) with a State-backed private equity fund.
Source: Xinhua-Reuters | 2017/11/27 21:28:39

Nanjing Hicin to buy Italian company

Nanjing Hicin Pharmaceutical Co announced on Sunday that it has joined several other investors in a deal to purchase a 90 percent stake in Italian medical company Nerviano Medical Sciences Group, according to a company statement.
Source: Global Times | 2017/11/27 21:18:40

HNA accused of wrongdoing in Swiss deal

Chinese conglomerate HNA Group has been accused of providing “untrue or incomplete” information during the takeover of Gategroup by the Swiss Takeover Board, according to Reuters on Sunday.
Source: Global Times | 2017/11/27 21:18:39

Nepal identifies three potential projects under Belt and Road initiative

Nepalese officials have identified three potential infrastructure projects to be implemented under the framework of the China-proposed Belt and Road (B&R) initiative.
Source: Xinhua | 2017/11/27 21:13:40

Mitsubishi units keep distance from parent's woes

Certain Chinese subsidiaries of Mitsubishi Materials Group (MMG) have sought to draw distinctions between their products and those of the 146-year-old Japanese material manufacturer after MMG admitted that two of its business units had manipulated data about their products.
Source: Global Times | 2017/11/27 21:13:39

Pakistani interest in Gwadar project fully considered: company source

An employee of the Chinese company that is developing the Gwadar port and the Gwadar Free Zone in Pakistan said on Monday that the company has fully considered the interests of Pakistani side and has also agreed to share revenues from those projects although it wasn't originally required to do so.
Source: Global Times | 2017/11/27 21:13:39

Pakistani interest in Gwadar project fully considered: Chinese company source

An employee of the Chinese company that is developing the Gwadar port and the Gwadar Free Zone in Pakistan said on Monday that the company has fully considered the interests of Pakistani side and has also agreed to share revenues from those projects although it wasn't originally required to do so.
Source: Global Times | 2017/11/27 18:48:39

Hydropower project in Laos to help economy

A Chinese company-backed hydropower project in mountainous areas in Lao is bring benefits to local people by helping local economy grow, the People's Daily reported on Sunday.
Source: Global Times | 2017/11/26 21:58:39

China-CEE countries' logistics center set up

The first agriculture-focused logistics center for China and the Central and Eastern European (CEE) countries began operation in the Trakia Economic Zone in Plovdiv, the second-largest city in Bulgaria, the Xinhua News Agency reported on Friday.
Source: Global Times | 2017/11/26 21:53:40

Biggest ever facelift for London's top store Harrods to attract more Chinese shoppers

London's world-famous Harrods store is to be given a 268 million US dollars makeover to attract more Chinese shoppers.
Source: Xinhua | 2017/11/26 7:34:15

Honda to recall defective Acura cars in China

Japanese automaker Honda will begin recalling 3,524 luxury Acura cars in China on Jan. 8, 2018 due to defective side mirror switches, according to China's top quality regulator.
Source: Xinhua | 2017/11/26 0:45:41

Chinese trainmaker establishes regional headquarters, R&D center in Australia

A subsidiary of Chinese trainmaker, China Railway Rolling Stock Corporation (CRRC), said Saturday it had established an Asia-Pacific headquarters and a research & development center in Australia.
Source: Xinhua | 2017/11/25 13:46:55

China's BAIC to export cars from Mexico to US, Canada in 2018

Chinese car-maker BAIC, which assembles cars in the Mexican state of Veracruz, said on Friday that it plans to export cars from Mexico to the United States and Canada starting in 2018.
Source: Xinhua | 2017/11/25 13:45:56

China Maotai Group finances school expansion in Mozambique

China's liquor giant, Maotai Group, has donated nearly 500,000 US dollars on Friday, for the expansion of a primary school in the Ka-Tembe district of Maputo city in Mozambique.
Source: Xinhua | 2017/11/25 7:02:23

Chinese, Ontario organizations sign $471m in deals

Chinese and Ontario institutions and companies announced on Friday the signing of agreements and investments worth 600 million Canadian dollars ($471.51 million).
Source: Global Times | 2017/11/24 18:06:08

Azerbaijan's telecom provider signs cooperation deal with China's ZTE

Azerbaijan's Smart Systems Technology company and Chinese telecom giant ZTE signed an agreement here on Thursday to enhance cooperation in the telecommunications market of Azerbaijan.
Source: Xinhua | 2017/11/24 8:12:18

Google's plan to "de-rank" Russian media equals censorship, Moscow says

Google's intention to "de-rank" Russian media outlets RT and Sputnik is equal to censorship, Russian Foreign Ministry spokeswoman Maria Zakharova said Thursday.
Source: Xinhua | 2017/11/24 8:05:40

German energy provider to build world's most powerful battery

The German energy provider EWE and scientists from the Friedrich-Schiller University in Jena told press on Thursday that they have made progress in their plans to build the world's most powerful battery.
Source: Xinhua | 2017/11/24 8:05:08