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  • BOC opens first subsidiary in Middle East

    2012-12-27 10:17

    The Bank of China, the nation's third-largest bank by market value, announced Wednesday that it will open its first subsidiary in Dubai.

    Bank of China Middle East (Dubai) Co Ltd is BOC's first entity to become eligible to offer financial services in the Middle East. BOC previously had representative offices in Dubai and Bahrain.

  • CIC vies for office complex in London

    2012-12-25 09:33

    China Investment Corp, the country's sovereign wealth fund, is reported to be among a trio of Asian investors vying to buy an 800 million pound ($1.3 billion) London office complex, in what could become the latest in an increasing number of international property deals by Chinese buyers.

    According to the Financial Times, citing unnamed resources, the deal would be the United Kingdom's highest value property deal since the start of the financial crisis.

  • Machinery makers eye opportunities further afield

    2012-12-25 10:00

    Africa has become an increasingly important investment destination for Chinese machinery and auto companies.

  • Ethiopia expects more Chinese factories

    2012-12-25 13:26

    Ethiopia, one of the least-developed countries in the world is hoping Chinese companies will consider opening more factories there.

  • Geely seeks control of London cab maker

    2012-12-22 09:14

    China's privately owned automaker Zhejiang Geely Holding Group Co is reported to have submitted a bid to take a controlling interest in Manganese Bronze Holdings PLC, the maker of London's iconic black cabs, which fell into administration in late October.

    Geely, which made its name in the Western market by purchasing Swedish luxury car brand Volvo in 2010, is bidding for 80.03 percent of Manganese, Bloomberg reported on Thursday, citing anonymous sources.

  • Yili to produce milk powder in New Zealand

    2012-12-19 11:49

    Inner Mongolia Yili Industrial Group Co Ltd, the Chinese dairy giant, announced plans on Tuesday to produce 47,000 tons of baby milk powder annually in New Zealand after buying all of the shares of a New Zealand dairy company.

    According to the notice, the total investment of the proposed project in South Canterbury, New Zealand, will be more than NZ$214 million ($174 million), while production is expected to begin in June 2014.

  • Golden opportunities for California

    2012-12-18 13:48

    With China a top target for US municipalities and states seeking foreign investment, one destination can put a number on its potential appeal to Chinese capital: $60 billion.

    By 2020, California could attract that amount from China, according to an October report from Rhodium Group, a consulting firm in New York that tracks Chinese outward investment. \

  • Planting the seeds of growth

    2012-12-18 15:22

    Agricultural experts and researchers from Fujian Agriculture and Forestry University set up the C-RATDC in Rwanda in April 2011.

  • BYD to make electric buses in US

    2012-12-18 11:17

    BYD Co Ltd will establish its first wholly owned manufacturing plant overseas in 2013, going to the United States to produce electric buses.

  • Peak announces partnership with NBA's Toronto Raptors

    2012-12-17 14:28

    Chinese sports apparel company Peak Sports announced its new partnership with the Canadian NBA team Raptors in Toronto on Saturday.

    Rapidly gaining ground in the international sporting world, the Chinese company is the sponsor of a number of NBA teams. This four-season long partnership with the Toronto Raptors is all part of the company's international marketing strategy, said Peak Sports' chairman Xu Jingnan.

  • Wanda to tap Indian market

    2012-12-15 10:13

    Dalian Wanda Group will cooperate with Reliance Group, a conglomerate led by the Indian billionaire Anil Ambani, to develop real estate projects in India.

  • PetroChina buys into Australia LNG project

    2012-12-13 10:03

    Asia's biggest oil producer PetroChina Co Ltd agreed to buy BHP Billiton Ltd's shares of liquefied natural gas project in Australia at a price of $1.63 billion - the biggest overseas acquisition by the company this year - to further expand its foreign assets.

    International mining giant BHP announced on Wednesday that it will sell its 8.33 percent interest in the East Browse Joint Venture and 20 percent interest in the West Browse Joint Venture, located off western Australian, to the Chinese oil and gas company.

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