State-owned Baotou Iron and Steel is allowed to take up to a 50 percent stake in an Australian mineral development project. The deal is unusual because the Australian government's guidelines normally are that Chinese companies should limit their investments in Australia to 15 percent of existing ...
Qatar's State-owned oil company Qatar Petroleum International plans to invest $5.8 billion to build a petrochemical plant in China by 2015, according to a Bloomberg report Wednesday. Nasser al-Jaidah, the CEO of Qatar Petroleum said the company plans to cooperate with China National Offshore Oil ...
The management team of Chinese automaker Geely Holding Group will meet with Ford and Volvo executives, Volvo unions and Swedish government officials in Sweden this week in its bid for Volvo, a Europe-based spokesman for Geely said. Geely Chairman Li Shufu will attend the meeting to discuss the co...
By Sun Zhe China's holdings of US government debt only advanced a slight $1.8 billion as of September, on worries that dollar depreciation may continue. China remains the No.1 owner of US bonds with a total account of $798.9 billion, according to data released late Tuesday by the US Department o...
Until the end of September, China held $798.9 billion in US treasury bonds, up $1.8 billion compared with the $797.1 billion at the end of August, according to the figures released by the US Treasury Department Tuesday. By the end of September, China continues to be the biggest holder of US debt....
General Electric Co. (GE) and China's Ministry of Railways signed a memorandum of understanding (MOU) Tuesday, committing to jointly pursue partnership opportunities for high-speed rail projects in the US. According to the MOU, GE and Chinese State-owned railway companies will begin preparation w...
U.S.-based conglomerate company Honeywell International Inc said yesterday that it has signed a memorandum of understanding with state-owned Aviation Industry Corp of China to expand the existing joint cooperation framework to develop components for China's domestically-developed large aircraft...
Taiwan-based Asustek Computer Inc, a leading provider of computers, is still in talks with Japanese electronics giant Toshiba Corp to acquire the latter's laptop business, sources reported."We've discussed cooperation on laptop business," said Nick Wu, a spokesman of the Taiwanese firm, adding that Asus...
China's Ministry of Commerce announced Monday that the country will send a trade delegation to Serbia, France, the Netherlands and Ireland this weekend to further deepen economic and trade cooperation between China and Europe. The delegation, organized by the China Chamber of Commerce for Import...
Qualcomm, the world's biggest chipmaker, said Tuesday that it expects to sell its TD-SCDMA chips in Chinese mainland within the next year. Qualcomm believes it will eventually control much of the Chinese market for such semiconductors, said chief executive Paul Jacobs. Qualcomm is the world's big...