Delta Air Lines Inc said it is acquiring a 3.55 percent stake in China Eastern Airlines Co Ltd for $450 million, as part of the efforts by the two carriers to further consolidate their relationship. This is the first time that the US carrier is becoming a shareholder in one of the big three carriers in China, although the deal still needs to be approved by the boards of the two companies and th...
News
| News
28 / 12 / 2015
Delta to take 3.55% stake in China Eastern
Delta to take 3.55% stake in China Eastern
18 / 11 / 2015
German firms bullish on China
German firms bullish on China
German companies are looking to increase their investments in China's modern manufacturingsector as the country transitions to a more moderate phase of growth, the German Chamber ofCommerce in China said on Tuesday. Sixty-five percent of German companies are planning new investment activities in China'sautomotive, machinery and chemicals sectors, according to the Business Confidence Survey2015,...
05 / 11 / 2015
Trade prospects still upbeat
Trade prospects still upbeat
Structural reforms, cross-border e-commerce to boost growth in second half Trade prospects are expected to remain stable during the next six months, thanks to ongoing structural reforms and decisive steps to boost growth from cross-border e-commerce and new free trade zones. China's exports grew stronger than expected, by 2.1 percent on a year-on-year basis to 1.17 trillion yuan ($188.5 billio...
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