Guanghzou-based Sunda International Trading Co, is banking on its Africa-specific brands and villa construction projects to grow profits and establish strong links in Africa.
Against the background of the overcapacity problem in China's steel industry, Deutsche Bank AG says that it has, together with Switzerland's Duferco SA, an international steel dealer, arranged an $800 million structured prepayment term loan facility for Tangsteel in Tangshan, an industrial city in northeastern Hebei province.
Nation's biggest telecom operator to roll out its 4G service in 340 cities this year
Shanghai's experience with the development of Pudong puts it in a unique position to manage the new national free trade zone, says Zhao Qizheng, a former deputy mayor of Shanghai and the first director of the Pudong new zone in the early 1990s.
Shanghai free trade zone offers good growth prospects for global majors
Despite rising costs in recent years, China's eastern region remains a strong attraction for foreign investors, thanks to its well-developed industrial facilities and infrastructure, as well as easy access to the domestic market, businesspeople say.
China's outbound investment is expanding almost three times as fast as the nation's GDP, and the emphasis is shifting away from resources and toward the service sector and industry, a private equity firm said in a report on Dec 18.
The factory floor in Changsha reverberates with the thunderous rumble of mysterious machinery, relentless robotic arms turning out enough building material every 72 hours to make an entire skyscraper. Somewhere in Russia, and in parts of Africa and South America, the pieces of prefabricated concrete wall the factory spits out will become offices and homes.
"Central bank operations recently have already been in the direction of tightening. Monetary policies won't be any looser next year, in the broad policy frame of 'deleveraging'."
On the banks of Liuye Lake in Changde, where the morning mist hangs over water as clear as a looking glass, Ma Fengchi smiles at the world his generation made for their children. His 65-year-old son, Ma Jianshi, smiles with him.
Big-ticket mining projects are helping Chinese machinery makers consolidate their presence in Africa and offset losses from dwindling demand in developed markets.