China

Fonterra plans further investment in China

New Zealand's biggest company and the world's biggest dairy exporter, Fonterra has not lost interest in China despite execution of two milk or powder suppliers by China who are said to be involved in the melamine baby milk poisoning incident.

Options to be reassessed by BAIC after failure of Saab bid

Wednesday, China's Beijing Automotive Industry Holding (BAIC) confirmed that following a plan to purchase Swedish carmaker Saab failed, it is mulling to "reassess" its options. The company did not reveal its plans.

It was forwarded by Swedish luxury carmaker Koenigsegg on Tuesday that because of the costly delays, it was aborting plans to join forces with BAIC to buy Saab from its US parent General Motors.

Chinese company plans for 'little NZ'

Chinese company plans for 'little NZ'

China has announced to come up with a "little New Zealand" with an investment of $400 million for tapping huge tourism potential of the region besides opening doors for employment, education and immigration opportunities.

Chinese Banks to Back Resourcehouse's Waratah Coal Project

Resourcehouse Ltd

Resourcehouse Ltd., privately held by the Australian mining giant Clive Palmer, has recently confirmed that the firm, in association with Metallurgical Corp. of China Ltd, has secured the backing of various Chinese banks for its planned A$7.5 Billion (US$7 Billion) Waratah coal project in Queensland.

Novartis to Spend $125 Million to Acquire Majority Stakes of Chinese Drug Maker

 Novartis

In a deal which is expected to cost the Swiss giant of the drug manufacturing sector nearly $125 Million, Novartis has revealed its plans to purchase a majority stake in Zhejiang Tianyuan, a privately held vaccines production firm in China. With the move, Novartis is planning to expand into the markets of a country which has been pegged as the world's third largest vaccines market.

China deal signed by Coffee shop entrepreneurs

Lewis (left) and Stuart Deeks

A deal was recently signed by New Zealand coffee house entrepreneurs to open 250 Esquires coffee outlets in China.

The development rights for Esquires shops -- a coffee house franchise begun in Canada- are owned by brothers Stewart and Lewis Deeks, for anywhere outside North America and Europe.

A well known newspaper said that the contract which was signed with Yunnan Metropolitan Construction Investment will increase Esquires' operations over the next decade, with the first store already open in Beijing.

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