From AFX via Forbes: China’s central bank said it expects the nation’s economic growth to exceed 10 pct this year with the consumer price index rising about 1.5 pct. The People’s Bank of China made the forecasts in its third quarter monetary report published on its website. ‘The growth of the economy will be maintained […]
Read MoreFrom AP via Washington Post U.S. Commerce Secretary Carlos Gutierrez began a trip to Beijing on Monday to help American entrepreneurs clinch deals and to discuss barriers that have contributed to a soaring and politically touchy Chinese trade surplus. Highlighting his efforts to increase U.S. exports, Gutierrez watched Motorola Inc. sign a contract to supply […]
Read MoreFrom Financial Times: A Citigroup-led consortium is expected this week to be officially declared the preferred bidder for Guangdong Development Bank, a struggling lender in southern China and the target of a prolonged bidding war. People familiar with the situation said that, barring late developments, GDB would make the announcement on Thursday. This will end […]
Read MoreFrom Financial Times: The home entertainment arm of News Corp film studio Twentieth Century Fox will on Monday announce a distribution partnership with China’s biggest legitimate DVD producer, Zoke Culture Group. The deal marks the first serious effort by Twentieth Century Fox Home Entertainment to sell its DVDs in China, a large and fast-growing market […]
Read MoreFrom Financial Times: The third richest man in China has bought an $800m stake in resources group Anglo American held by the Oppenheimer dynasty, a landmark deal in China’s aggressive acquisition of African resources. Larry Yung‘s acquisition comes two weeks after London and Johannesburg-listed Anglo appointed a new chief executive, American Cynthia Carroll – the […]
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