Doha-Guangzhou Flights Announced
Qatar Airways will start operating four weekly non-stop flights
connecting the Qatari capital Doha and Guangzhou. These are in addition
to its current daily flights to Hong Kong; four weekly services to
Beijing; and five weekly services to Shanghai - and will increase, to
20, its weekly services into China. A fifth weekly Guangzhou flight
will be added in May.
China Coal launches Shanghai IPO
China's second-largest coal producer, China Coal Energy Co., has
launched its IPO in Shanghai, with a stated aim of raising USD4.5bn - a
figure that would make it one of China's ten largest initial
offerings. The company plans to issue 1.525 billion A shares, or 11.51
per cent of its share capital, and will use the money to finance two
major coal projects: in Inner Mongolia and Heilongjiang province. The
listing is slated for 1 February.
Beckham Effect Coming to Shanghai
The commercial value of David Beckham's transfer to Los Angeles Galaxy
is starting to become evident. After an injury-ravaged first season,
Beckham will begin his second U.S. season with a club tour to Asia,
including a friendly match against Chinese first division team East
Asia in Shanghai, on 5 March. State media reports that Beckham will
only play 45 minutes "to avoid injuries". LA Galaxy, which is now
coached by Ruud Gullit, may play other games in China before heading to
South Korea.
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