Sinotrans And NRS Sign Logistics JV
Sinotrans and US-based NRS - which owns logistics facilities in New York, Los Angeles and MiamI - have established a new joint venture, called SINONRS, to provide integrated logistics services for retailers in United States, including transportation, warehousing, distribution and trade facilities. The deal represents the next stage in Sinotrans' avowed intention of expanding its overseas services and networks.

 
Langham To Manage Beijing Airport Hotel
Langham Hotels has signed a deal to manage a hotel at the new Lord Foster-designed new Terminal 3 at Beijing Capital International Airport. The 6-floor, 400-room Langham Place, Beijing Capital Airport Hotel is scheduled to open in July 2008, just in time for the 2008 Olympic Games.

China Eastern: Cathay Backs Off
Cathay Pacific Airways and the parent company of its Chinese affiliate have backed off from a planned joint bid for shares in China Eastern Airlines, a report carried by The Wall Street Journal network said earlier this week. The move averted a showdown with Singapore Airlines for control of the Chinese mainland's lucrative Shanghai gateway, said the report. Singapore Airlines agreed earlier this month to buy a 15.7 per cent stake in Shanghai-based China Eastern to establish a foothold in China's enormous aviation market.

USD69.5 Billion Is Not Enough: China Wants More FDI
China attracted USD69.5 billion of actual foreign investment last year. According to Jiang Zengwei, Vice Minister of Commerce, this is not enough since this figure represents only six percent of global transnational direct investment. Jiang said at a forum in Chengdu that China needs to attract more investment to stay competitive.

Last update : Thursday, 27 September 2007

Keywords : News, Sinotrans, Langham, Cathay, China FDI

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