German industrial conglomerate Siemens AG bought majority stakes in two small Chinese metal companies on Wednesday.
Siemens, based in Munich, said its energy division acquired the majority stakes in two metal companies based in Hangzhou, Zhejian gprovince. One is Yangtze Delta Manufacturing, a metalworking company, and the other is aluminum foundry GIS Steel&Aluminum Products, according to [...]
More Chinese companies are increasing efforts to comply with a new rule on transfer pricing as China steps up action to curb tax avoidance by manipulating prices, industry veterans said.
The State Administration of Taxation, China’s top tax authority, had issued a new rule on special tax adjustment earlier this year to clarify any questions over [...]
Costa Rican Oil Refinery (RECOPE) and the China National Petroleum Corporation (CNPC) on Wednesday signed a supplement contract for the establishment of a joint venture to build an oil refinery.
The RECOPE and the CNPC signed an agreement in late 2008 to form a joint venture, but the deal was not ratified by the Costa Rican [...]
The ongoing attempt by Chinese companies to take over the licenses of the world-renowned Pierre Cardin brand is a sign of the growing strength of Chinese apparel firms, say analysts.
But analysts are skeptical whether the Chinese firms have the management skills to ensure the long-term success of a brand that has become too “scattered”, due [...]
Malaysia welcomed China’s good companies to be listed on the Malaysia Stock Exchange, a Malaysian business leader said here on Monday.
China was a close trade partner of Malaysia and it was also very important to Malaysia’s capital market, said Megat Majmuddin Megat Khas, president of the Federation of Public listed CompaniesBhd.
Tags: Chinese Companies, Foreign-Trade
Chinese industrial companies profits grew at the slowest pace on record as the economy cooled and commodity prices plunged.
Net income increased 4.9 percent in the first 11 months of 2008 to 2.41 trillion yuan ($353 billion), the statistics bureau said today. Profits advanced 36.7 percent a year earlier.
Tags: Chinese Companies, exports, industry, steel
