Bright Food (Group) Co Ltd, China's second-largest food vendor, announced recently it is acquiring a majority stake in an Israeli counterpart, demonstrating its commitment to overseas expansion.
Many Chinese know Dubai from stories in tabloid newspapers: a Dubai merchant bought a dozen seats on a plane for his pet falcons, or a wealthy Dubai man keeps a leopard as his pet and drives it around on the passenger seat of his Rolls-Royce.
In factories in Guangdong province, China's manufacturing hub, the latest attempt by authorities to address labor rights is nothing new. Since the Labor Contract Law took effect in 2008, giving workers a say in collective bargaining has been building. This time, however, it looks the real thing.
China's skill gap could derail its economic upgrade, Long Guoqiang, a member of a cabinet-level think tank, says.
Close political, economic and personal ties between South Africa and China reaffirms that distance is not a factor in strengthening relations, said Esrom Thabo Thage, South African consul general in Shanghai.
You cannot mention Nantong without mentioning its textile industry. The city, which is in the central part of East China's Jiangsu province, has China's largest number of textile companies.
When Yu Jianxiang was wandering the streets of Romania in 1994, with no money in his pocket, his chances of becoming a billionaire looked very remote.
"This is the mega trend. The bond market, compared with other channels through which local governments have raised debts, is a much more regulated channel."
Aviation
Cao Yunquan walks through the old Dasheng textile factory in Nantong, something close to reverence in his pace. The 77-year-old retired bureaucrat and amateur historian paused in one dilapidated building, surveying the gossamer strands of cotton festooning the rafters like cobwebs, the peeling paint and warped wood.
A Chinese bank is expecting good prospects in South Africa through strengthening its commitment to local companies and tapping into emerging financial services resulting from Chinese enterprises flooding into the continent.
When Lisa Xie moved to South Africa in 1993 to work for the Asian business department of Johannesburg-based Nedbank, her employer was the only local bank with a Chinese business unit.
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