Top Chinese company China Harbor Engineering Company will be building two hotels and a golf course in Sri Lanka worth USD500 million. Previously, the company constructed an international airport which was opened this year.
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China's bonds sell at 50-year high yield as borrowing costs increase
China's recent government CNY20 billion or USD3.3 billion bond sale recorded a 5.3% yield, which was the highest obtained by the mainland since selling debt since 2009.
Daimler to ink strategic cooperation deal with BAIC
Germany-based international car producer Daimler announced a new strategic cooperation agreement with China-based partner automobile seller BAIC Motor that would be signed by both parties on Tuesday.
Newcastle Airport may sell half its stake
Newcastle Airport Authority Ltd was reportedly planning to sell half its stake to infrastructure investors such as IFM Investors Ltd and other superannuation funds next year.
Analysts skeptical about turnaround time to overhaul, implement China's IPO system
Although China's support to overhaul the current system of registration-based stock issuance, analysts said it might take a long time for the new system to be adopted.
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Analysts warned that unless the state of China address the USD1.6 trillion debt incurred by its municipalities via local government financing vehicles, interest rates would skyrocket.
Amid the run up to the Third Plenum, many market investors who have waited for the policy direction from the Chinese government had made them either hopeful or disappointed with the communique released by President Xi Jinping.
Goldpoly New Energy Holdings Limited entered into a framework agreement with Kunlun Trust Co., Ltd for a joint acquisition of 500MW of solar energy plants in China and Mongolia.
The Third Plenum reiterated the central role of state-owned enterprises as well as the the large role markets play in the future of the Chinese economy.
Yododo, the largest online travel community in China, raised USD4 million in Series A funding for the expansion and improvement of its products and services.
The People's Bank of China had undertaken a program of lowering money supply to avoid further inflation, but this may lead to lack of financial support
In a recent statement, the State-owned Assets Supervision and Administration Commission or SASAC had welcomed the move to allow the private sector to purchase interests in state owned or controlled corporations.
Many analysts say the lack of transparency may put the free trade zone experiment in China in jeopardy, unless it is confirmed as one of the economic priorities of the Third Plenum of the Chinese Communist Party.
President Xi Jinping and other Communist leaders to meet up for the third plenum of China. As the final quarter of 2013 comes around, China's economy has undergone an acceleration in manufacturing and exports creating momentum for the Beijing leadership to be confident on possible policy shifts to be implemented for the next decade.
