Renault and Donfeng Motor Group hoped to close a deal worth US$1.6 billion this month. On Monday, Renault, a French carmaker, and Dongfeng Motor Group hoped to end up with a deal later this month.
Tags: China
Chinese video game maker to launch market debut in Hongkong
Forgame Tech Co. submitted official documents for an IPO later this year. Forgame Tech Co. , a video game production company, has presented its official initial public offering documents to Hong Kong's equity agency and plans to start the IPO later this year, said the sources, who requested not to be identified.
Yum! Brands show profit despite China difficulties
Yum! Brands increased profit numbers despite backlash in China. Parent company of the world famous Pizza Hut and KFC restaurant chains, Yum! Brands Inc.
China's Central Bank moving to make yuan more international friendly
The People's Bank of China has released notice to require banks and companies to use the yuan in their international transactions.
Capital flight from BRIC results to US$13.9 billion lost
Investors retracted US$13.9 billion from equity mutual funds invested in Brazil, Russia, India and China.
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Ding Xuedong was appointed the new chief of the sovereign wealth fund of China and faced pressure to boost returns for the country.
The decrease in demands for China was accounted for its slowing economic growth as Asian's coffee premiums remain at multi-month highs.
China's Sunergy reported higher first-quarter shipments and earned about US$61.7 million. Sunergy Co Ltd, China's solar panel maker, reported it gained higher first-quarter deliveries.
China and Switzerland signed in a free trade agreement today in Beijing. A new free trade agreement was signed by the governments of China and Switzerland today.
Representatives from several Chinese firms defended their unpopular mega projects in Myanmar. In a press conference held in Rangoon, Myanmar yesterday, the Embassy of China and several representatives of Chinese state-owned companies issued a statement regarding the mega projects being developed in the country.
Asian chipmakers were expected to earn more due to the increasing demand for gadgets. Asian chipmakers were set to take advantage on a major change in the unstable industry.
China's current slow growth put pressure on Singapore's Temasek. Temasek Holdings Pte Ltd. came under pressure to force the review of its exposure to Chinese banks in the wake of China's current financial and economic conditions.
Friday last, China announced that it would cut off credit to force consolidation in industries. Last Friday, China announced that it would cut off credit to force consolidation in industries.
Cash crunch in China does not signify banking crisis According to experts, China's financial system is on a healthier trend. The recent cash crunch experienced by the country did not signal any systematic risk.
