Tag: Agreements

Chinese State Nuclear Companies Merge into $96 Billion Firm

By Lauren Dodillet  A merger between state-owned nuclear enterprises China Power Investment Corporation (CPI) and State Nuclear Power Technology Company (SNPTC) was approved earlier this month by China’s State-owned Assets Supervision and Administration Commission. The resulting firm will have more...

/ February 20, 2015
Lady Justice

Dentons-Dacheng Merger Creates World’s Largest Law Firm

By Lauren Dodillet  China’s Dacheng Law Offices merged with international firm Dentons late last month, creating the world’s largest law firm and marking the second merger ever between a Chinese and multinational firm. Dacheng will join the other foreign firms...

/ February 10, 2015
Handshake

China’s Citic Makes Historic $10 Billion Deal

By Lauren Dodillet  Chinese state-owned investment company Citic Group announced that it will sell a 20 percent stake in its Hong-Kong based subsidiary Citic Ltd. to CT Bright—the 50-50 joint venture of Japanese Itochu Corporation and Thai Charoen Pokphand Group...

/ February 4, 2015
train yard

Merger of China’s Two Largest Rail Companies Forms $26 Billion Firm

By Lauren Dodillet  State-owned China CNR Corporation Limited (CNR) and China South Locomotive & Rolling Stock Corporation Limited (CSR) announced in a joint statement on December 30, 2014 that they will merge to form a single company—China Railway Stock Corp....

/ January 14, 2015
Air China Boeing 747

Air China Buys 60 Boeing 737s for $6 billion

By Lauren Dodillet  A Boeing Company press release announced today that Air China Ltd. ordered 60 Boeing 737 and 737 Max aircrafts. The purchase is valued at over $6 billion, but with large-order discounts, Bloomberg reports that Air China will...

/ December 22, 2014
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
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

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

China, Russia Sign Pipeline, Currency Exchange Deals

By Lauren Dodillet Chinese Prime Minister Li Keqiang and Russian Prime Minister Dmitry Medvedev signed 38 agreements promoting economic cooperation between the two countries on Monday in Moscow. Two major agreements concerned a natural gas pipeline and a yuan-ruble currency...

/ October 16, 2014