Xinye Mining Investment was said to be close to a deal with a British company late last year, but negotiations drag on One year has passed, but London Mining Plc. still has not tied the knot with a Sichuan miner that like many of its Chinese rivals wants to take advantage of Arctic mineral resources. Sichuan Xinye Mining Investment Co. was still negotiating with London Mining and Greenland’s state resource [...]
Chinese businesses in a major trading estate in Madrid staged a rare strike Saturday to protest at a police crackdown on alleged money-laundering, which they said had stigmatized them. Hundreds of warehouses in the Cobo Calleja industrial zone, considered the biggest Chinese wholesale hub in Europe, shut down for the day to highlight how Chinese businesses have suffered since last month’s raids. “With this protest, which is rare in my [...]
China initiated an anti-dumping and anti-subsidy investigation into EU-made solar energy material products Thursday, in response to a European probe into Chinese solar panels dating back to September. A Ministry of Commerce (MOFCOM) press release showed that complaints had been received from a number of companies, including Jiangsu Zhongneng Polysilicon Technology Development, LDK Solar, Luoyang Sino-Silicon and Daqo New Energy, on September 17. These complaints requested an assessment of the [...]
Foreign direct investment from EU slowing along with economic growth China’s economic slowdown and the sovereign debt crisis have taken a toll on bilateral investment between China and Europe, recent data shows. Foreign direct investment from the European Union to China declined 6.3 percent year-on-year from January to September to $4.83 billion (3.7 billion euros), according to the Chinese Ministry of Commerce. China’s outbound investment to Europe also dropped by [...]
Foreign direct investment from EU slowing along with economic growth China’s economic slowdown and the sovereign debt crisis have taken a toll on bilateral investment between China and Europe, recent data shows. Foreign direct investment from the European Union to China declined 6.3 percent year-on-year from January to September to $4.83 billion (3.7 billion euros), according to the Chinese Ministry of Commerce. China’s outbound investment to Europe also dropped by [...]
China’s investment deals in Europe first surpassed Europe’s in China in the first quarter of 2012, with 32 investments from China’s mainland and just 26 deals made by European companies in China, according to a PwC report released on Thursday. The report, “China Deals; A fresh perspective,” from PwC’s emerging markets group, showed there has been a steady rise in the value and volume of mainland Chinese investments in Europe [...]
A Spanish judge has ordered the Chinese kingpin and 47 other suspects held without bail, after they were charged in a massive money laundering scheme involving 1.2 billion euros ($1.56 billion), the Spanish newspaper El Pais reported Sunday. Gao Ping, 45, a member of the Zhejiang Provincial Committee of the Chinese People’s Political Consultative Conference, was arrested on October 21 at his home in Madrid during a police campaign dubbed [...]
Move comes as Chinese carrier aims to expand international network HNA Group, the parent company of Hainan Airlines Co Ltd and China’s fourth-largest airline group, completed its acquisition of a 48 percent stake in Aigle Azur, a Paris-based private airline, as HNA expands its international flight network, the group announced on Tuesday. The French airline also will open its route from Paris to Beijing in the summer of 2013. It [...]
China’s trade with Europe feels the chill as christmas-product firms face cold demand Christmas is still two months away and although all the decorations and festive paraphernalia are well on their way from Chinese factories to European wholesalers, there is really nothing to be jolly about. Businesses usually place their Christmas orders in late summer or early autumn, but by September this year, Chinese companies were already feeling the winter [...]
Struggling companies in niche markets are attracting increasing numbers of Chinese companies to Germany Germany has become the most popular destination and German niche companies the most popular investment targets for Chinese companies expanding in Europe. It’s a popularity contest Germany won quickly – and could continue winning for years to come. China started knocking on Deutschland’s door after the global market structure was rewritten by the 2008 financial crisis. [...]