Australian miner Cape Lambert Iron Ore Ltd said on May. 29 that the nation’s Foreign Investment Review Board (FIRB) had approved Cape Lambert to sell its iron ore project to China Metallurgical Group Corp (MCC).
The approval of this deal will give Chinese investors much more confidence to step into Australia’s mining industry, as reported.
Tags: foreign-investment, [...]
Ctrip.com, a leading online travel agent in China, forecasts its net revenue in the second quarter to increase by 30%, affected by the 8.0-magnitude earthquake hit in the country’s southwest Sichuan Province.
After the quake, the national travel desire has been strongly weakened. However, the company is still optimistic towards its whole year revenue growth with [...]
China saw its software exports in the first four months of this year surged 54.9% to US$3.27 billion, thanks to technology innovation, the Ministry of Industry and Information Technology said on Thursday.
During the period, embedded software exports jumped 45.3% to hit nearly US$1.7 billion, contributing 24.5% to the total software exports. And software outsourcing exports [...]
China National Offshore Oil Corp (CNOOC Group), parent company of Hong Kong-listed CNOOC Ltd<883> said on Thursday that it has inked binding agreement with Qatargas Operating Co to import liquefied gas from Qatar.
Fu Chengyu, general manager of CNOOC Group said it plans to buy up to 2 million tons of liquefied gas from Qatar annually [...]
Recently, Tencent, Inc. and the government of Chengdu officially signed a cooperation agreement with a total investment of 550 million yuan.
Ge Honglin, mayor of Chengdu, said: “Tencent is the first enterprise to invest in Sichuan after the disaster. Investment in disaster areas for economic development is the best support for reconstruction.”
Tags: Chengdu, investment, Sichuan, Software
Revenues, employees, customersâ€â€it is the largest industrial reorganisation ever. And, reflecting how business is done in China, it was announced in the most modest way, with a posting on a government website on May 24th. The country’s telecoms industry, with nearly 600m mobile subscribers, 360m fixed-line customers and $244 billion in revenue, will be reconfigured. [...]
