A senior executive of Chinese electrical appliance giant Haier Wednesday moved to calm fears over jobs and manufacturing bases of one of New Zealand's oldest and most reputable whiteware makers as Haier moves ahead with a takeover bid.
Chinese home appliance giant Haier Group has made a full takeover offer on New Zealand's Fisher & Paykel Appliances, highlighting a recent buying spree by Chinese companies seeking to expand in overseas markets.
E-commerce China Dangdang Inc, a major online shopping website in China, expects the number of e-books sold on it to surpass that of paper books in three years, Dangdang Chief Executive Officer Li Guoqing said on Tuesday.
China South Locomotive & Rolling Stock Co Ltd, the country's largest manufacturer of rail carriages, has won seven projects worth 5.41 billion yuan ($853 million), including two contracts with foreign companies.
Haier Group, a home appliance company, announced on Tuesday that it wants to buy all shares in Fisher & Paykel Appliances Holdings Ltd that it does not already hold for NZ$1.20 ($0.97) apiece.
A new report has outlined just what a massive boost could be given to China's ailing steel industry from the recent approval of 60 new projects worth more than 1 trillion yuan ($157.8 billion) by the National Development and Reform Commission.