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Media
SHANGHAI: China Poly Real Estate Group Co, the country's second biggest property developer by market value, plans to raise up to 9.6 billion yuan ($1.4 billion) through a private placement of shares to fund expansion. China Poly plans to sell as many as 700 million shares to select institutional investors, and will use the proceeds to fund 12 real estate...
BEIJING - China's soft-drinks output will continue to grow at more than 20 percent a year, Xinhua News Agency said, underscoring the potential for companies such as Coca-Cola Co and PepsiCo. Prospects for alcoholic-drinks makers such as Kweichow Moutai Co, the world's second-biggest liquor firm by market value, are also rosy, the news agency said. Combi...
Following this winter's harsh business chill, China's second-largest refinery is now feeling the warmth of spring, said Xu Xiankun, president of Sinopec Maoming Petrochemical Corp's ethylene facility. After a halt in operations for maintenance and repairs in January and February that resulted big losses in revenue, the Shenzhen-listed company is expect...
Chinese automaker Zhejiang Geely Holding Group said on Tuesday its talks to buy Ford Motor's Volvo car unit were on track and it expected to sign an agreement in about a week's time. Media reports had suggested that Zhejiang Geely, China's largest private carmaker and the parent of Hong Kong-listed Geely Automobile, faced financial and technical ...
Tingyi (Cayman Islands) Holding Corp expects competition in China's beverage industry to intensify as rivals including Coca-Cola Co step up investment in the world's third-largest economy. Tingyi, China's biggest maker of packaged food, will continue to upgrade factories with better technology to lower costs and increase output, Chief Financial Officer...
Air China Ltd will gain control of Shenzhen Airlines Ltd through a 682.1 million yuan ($100 million) investment, giving the nation's largest international carrier a hub in southern China. Air China's stake in the Shenzhen-based carrier will rise to 51 percent from 25 percent following the capital injection, it said in a statement on March 20. City-contr...
Morgan Stanley Asia boss blasts columnist who argues RMB's value should rise BEIJING: The debate over China's currency policy is heating up among economists with Morgan Stanley Asia Chairman Stephen Roach saying that a sharp upward revaluation of the yuan would lead to a disastrous outcome for the United States and it would end up as a "lose-lose situat...
SANYA, Hainan - Hainan needs to maintain its cultural uniqueness and ensure it does not become "Disneyland" in its efforts to become an international tourism destination, said a senior official from the United Nations World Tourism Organization (UNWTO). Taleb Rifai, the secretary-general of UNWTO, warned Hainan against rushing the construction of its tour...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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