Tag Archives: China’s

Floating Solar Farm Reflects China’s Clean Energy Ambitions

As the United States was withdrawing from the Paris climate pact, China’s clean energy ambitions were being reflected in the launch of the world’s largest floating solar farm. The 40-megawatt power plant has 160,000 panels resting on a lake that emerged after the collapse of a coal mine in central Anhui province. It is part of Beijing’s effort… Read More »

Rio Tinto, China’s Minmetals sign deal on exploration

Rio Tinto (RIO.L) (RIO.AX) and China Minmetals Corp on Tuesday signed an outline deal on collaboration in mineral exploration, saying the partnership would position it to find the reserves needed for today’s economy. Major miners have been seeking ways to maximise exploration budgets and they have also been analysing the sustainability of their portfolios as the needs of… Read More »

China’s Xi calls for wide-ranging measures to regulate hot property market

President Xi Jinping said China’s approach to regulating its red-hot property market will include financial, fiscal, tax, land, and regulatory measures as Beijing looks to develop a long-term mechanism for an industry prone to speculation. China’s home prices rose at the fastest pace on record in November. Prices are rising by more than 20 percent annually in many… Read More »

China’s Fosun to sign agreement for $1.4 billion Gland Pharma buy – paper

Shanghai Fosun Pharmaceutical (Group) Co (2196.HK) will sign a definitive agreement on Wednesday to buy a controlling stake in India’s Gland Pharma in a $1.4 billion deal, the Economic Times newspaper reported, citing a source with direct knowledge. In May, Shanghai Fosun had made a non-binding proposal to buy Gland Pharma, which is backed by KKR & Co… Read More »

U.S. companies skeptical of corporate China’s advances

Chinese life sciences entrepreneur Wei Zhou submitted a $1.5 billion bid for U.S. gene testing company Affymetrix last month – topping a $1.3 billion agreed acquisition by Thermo Fisher Scientific Inc (TMO.N). A few days later, he got an unusual deadline. Affymetrix’s CEO Frank Witney called Zhou, a former Affymetrix executive who had partnered with Shanghai government-backed investment… Read More »