BEIJING: As China's telecom firm Huawei starts manufacturing in India, official media here has raised the red flag, warning that Beijing needs to worry about job cuts due to shifting of production bases as economic rivalry increases between India and the world's second largest economy. "China needs to worry about effect of industrial transfer to India on production chain," an article in the state-run Global Times said today.
KARACHI: Chinese companies are in talks to snap up more businesses and land in Pakistan after sealing two major deals in recent months, a sign of deepening ties after Beijing vowed to plough $57 billion into a new trade route across the South Asian nation. A dozen executives from some of Pakistan's biggest firms told Reuters that Chinese companies were looking mainly at the cement, steel, energy and textile sectors, the backbone of Pakistan's $270 billion economy.
By Stenvall Skoeld & Co.:
Editor's note: Originally published on June 10, 2014
Chinese pharmaceutical companies are increasingly relying on M&A funds to consolidate China's healthcare industry. The past years have seen a large number of Chinese pharmaceutical companies setting up or participating in venture and growth capital funds.
BEIJING and FAIRFAX COUNTY, Virginia — A secret multi-million-pound deal to carve up China’s insurance market, brokered by the daughter of the country’s former prime minister, has been sent to anti-corruption investigators.
The deal guaranteed Zurich Insurance, one of the world’s largest financial institutions, a hugely lucrative stake in a major Chinese insurance company at a time when foreign companies were barred from investing in the sector.
TORONTO — The future of Canada’s Ring of Fire, a remote cluster of rich mineral deposits in northwestern Ontario, is looking increasingly dim as the finances of its biggest private investor, Cliffs Natural Resources Inc, have taken a turn for the worse.
Crouched in swampy lowlands and named for a Johnny Cash song, the 4,000 sq km zone has no rail lines, highways or reliable power. Political leaders say the Ring of Fire could support a century of mining, but the cash-strapped government has yet to commit infrastructure funds.