The National Defense Authorization Act (NDAA) for 2027 is coming into focus after the House and Senate armed services committees advanced their versions of the bill earlier this month.
By Ellen Huber China’s state-owned Anbang Insurance Group Co. Ltd. has signed a memorandum of understanding to acquire a 57.5 percent stake in South Korea’s Tong Yang Life Insurance Co. for about 1.1 trillion Korean Won ($1.01 billion), according to Reuters. Anbang is reported to be purchasing the majority stake from South Korean private equity […]
By Lauren Dodillet In September 2014, China announced its intention to become a world nuclear power, just two months before agreeing to a groundbreaking climate change deal with the United States. If that deal—which calls for China to increase non-fossil fuel energy from 10 to 20 percent of its energy mix by 2030—is to go […]
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 Company Ltd.—for $10 billion, according to the New York Times. Approval of the deal remains […]
By Nick Marro, Hengrui Liu, and Yu Yan When the Tesla Model S debuted in China in April 2014, the country was embroiled in a heated debate over how to balance economic growth and environmental protection. Taking advantage of the national discussion—and China’s luxury goods consumers—Tesla successfully promoted its low-emission vehicles in the Chinese market, […]
How to protect your intellectual propertywhen setting up a factory in ChinaWhen Bruce Mitchell arrived in China in 2003, he had one mission: expand the global supply chain for Pittsburgh-based Spang & Company, a precision electronics engineering firm. After realizing that a joint venture with a Chinese company wasn’t going to work, Mitchell and his team decided they needed to establish their own wholly-foreign owned foreign enterprise. But this was his first time setting up any sort of operatio
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. (CRRC)—valued at $26 billion. CSR will purchase shares from CNR shareholders on the Shanghai and […]
What does the prominence of successful businesswomen, despite pressure from society and family, say about the glass ceiling in China? By Bennett Voyles Family pressures and workplace biases mean that women in China have only a one-in-15 chance of reaching a company’s highest management levels, according to a recent survey by Bain & Company. But […]
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 pay less than $5.9 billion. The aircrafts, to be delivered between 2016 and 2020, will […]
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 farms. The Financial Times reports that EDF will retain a 20 percent stake, and continue […]
