Category: China Deals

Spinning Wind Turbines

Chinese Nuclear Group Strikes Wind Farm Deal in the UK

By Lauren Dodillet  China General Nuclear Power Group (CGN) struck a deal with French utility company Électricité de France (EDF) earlier this week to pay more than $150 million for an 80 percent share in three of EDF’s UK wind...

/ December 22, 2014
Lionsgate Booth

Dalian Wanda Eyes Lionsgate Purchase

By Lauren Dodillet  Dalian Wanda Group Corporation Ltd. is looking to buy a majority stake in Lions Gate Entertainment Corporation, a Canadian-American film company. Wanda’s chair Wang Jianlin—the fourth-richest man in China—met with Lionsgate chair Mark Rachesky in October to...

/ December 15, 2014
Beijing Train

China Closes Largest Overseas Construction Deal with Nigeria

By Lauren Dodillet Chinese state-run China Railway Construction Corp Ltd. (CRCC) signed an official construction agreement with the Nigerian government last Thursday for an $11.97 billion rail line that will run the length of Nigeria’s coast. It is China’s largest...

/ November 25, 2014
Grape Harvest

China, Australia Sign Free Trade Agreement

By Lauren Dodillet Chinese President Xi Jinping and Australian Prime Minister Tony Abbott met last week in Canberra to sign a landmark Free Trade Agreement (FTA) between their two countries. A decade in the making, the deal gives China the...

/ November 24, 2014
Wind Farm

US, China Take Action on Climate Change

By Lauren Dodillet US President Barack Obama and Chinese President Xi Jinping announced a US-China agreement to limit greenhouse gas emissions last Wednesday, wrapping up two days of bilateral meetings after the Asia-Pacific Economic Cooperation (APEC) summit. The deal pledges...

/ November 18, 2014
Bullet Train

Mexico Reneges on Bullet Train Collaboration

By Lauren Dodillet President Enrique Peña Nieto has rescinded the contract won by a Chinese-led consortium last week to build a high-speed railway in Mexico due to questions over the deal’s legitimacy. Opposition legislators have questioned the transparency of the...

/ November 12, 2014

COFCO Announces IPO Three Years Out

By Lauren Dodillet China’s largest state-run grain trading company announced at the end of October that it was planning to launch an IPO within three years. China National Cereals, Oils, and Foodstuffs Corporation (COFCO) CEO Frank Ning said the company...

/ November 5, 2014

China Forms Infrastructure Bank Despite US Opposition

By Lauren Dodillet Representatives from China, India, and 19 other Asian nations gathered in Beijing last Friday to sign a memorandum of understanding to establish the Asian Infrastructure Investment Bank (AIIB). China, which proposed the project last year, hopes the...

/ October 30, 2014

Tianhe Chemicals Loses $3.1 Million on Fraud Allegations

By Lauren Dodillet Tianhe Chemicals Group Ltd., one of China’s leading chemicals producers, lost nearly $3.1 million in market value after hackers from the group Anonymous Analytics accused it of stock market fraud in early September. Tianhe CEO Wei Xuan...

/ October 22, 2014

Universal Studios to Open $3.3 Billion Beijing Theme Park

By Ellen Huber US film company Universal Studios Inc. has teamed up with state-owned Chinese partner Shouhuan Cultural Tourism Investment Company to build a $3.3 billion theme park in Beijing. The park—which will be owned by the partners and a...

/ October 20, 2014