BEIJING - New Zealand milk giant Fonterra Co-operative Group Ltd will invest 260 million yuan ($40 million) in its third dairy farm in China, part of the company's strategy to enhance the quality of fresh milk supply to the Chinese customers after a series of milk scandals, the company said on their website.
China's 12th Five-Year Plan (2011-2015) presents huge opportunities for Chinese and foreign investors, and UK-based RIT Capital Partners PLC plans to explore them, said Jacob Rothschild, RIT chairman.
Stocks on the Chinese mainland fell for a fourth day after a report showed manufacturing might have contracted for the first time in a year this month and the government expanded measures to prevent a rebound in property prices.
Spring Airlines aims to raise more than $1.2 billion in an initial public offering in the first quarter of 2012 as China's sole budget carrier wants to double its fleet size in the next four years, its president said on Thursday.
The Chinese public is getting its first glimpse into what central government departments spend on official receptions, vehicles and overseas trips - the subject of most suspicions concerning misuses of public money.
Multinational healthcare devices manufacturer Cook Medical Inc expects to almost triple its business in the Asia-Pacific region by 2015 on the back of continuing strong growth in China, according to the company's senior executives.