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HONG KONG/SHANGHAI: Chinese property developers have dismissed claims by China Central Television (CCTV) that they owe massive sums in unpaid land taxes, pitting some of China's most powerful businessmen against the influential state-owned broadcaster.
KUALA LUMPUR: RAM Ratings expects Media Chinese International Ltd (MCIL) to continue to face challenges to monetise its digital traffic and contents due to the dominance of digital media giants such as Facebook and Google.
BEIJING: Remember how there was a glut of computer chips in 2008, and then the world stopped using computer chips? Yeah, me neither. That’s a good reason to discount your worries about the effects on solar power from recent policy blows on panel manufacturers by the US and Chinese governments.
BEIJING: The Chinese supplier of electric-vehicle batteries that’s planning a local factory with enough capacity to surpass the output of Tesla Inc has set its sights further – Europe.
BEIJING: Amazon.com Inc agreed to sell some of its Chinese cloud assets to its local partner but said it’s committed to a domestic market for internet-based computing that could be worth US$30bil.
BANGKOK: Deputy Prime Minister Somkid Jatusripitak has said that the government plans to connect its new Eastern Economic Corridor (EEC) development project with the Chinese government’s One Belt, One Road initiative.
PETALING JAYA: Three China-based companies including China National Cereals, Oils and Foodstuffs Corp (COFCO) are vying for strategic stakes in Felda Global Ventures Holdings Bhd (FGV). A source close to FGV told StarBiz that: “These Chinese companies are major global consumers of palm oil/palm products and are looking to raise stakes in FGV via the open market.”
DAVENPORT, Iowa: Chinese companies signed agreements with U.S. agricultural exporters on Monday to buy 4.83 million tonnes of U.S. soybeans valued at about $2.8 billion.
KUALA LUMPUR: Moody's Investors Service estimates core Chinese shadow banking products totaled a large 21 trillion renminbi (RM10.22 trillion) at end-2012, or 39% of 2012 gross domestic product (GDP).
KUALA LUMPUR: Lejadi Group via its bumiputra construction subsidiary, Lejadi Infra Sdn Bhd (LISB), has signed a joint-venture agreement with Chinese company Global Solar Co Ltd to jointly bid for engineering, procurement and construction (EPC) projects of solar and renewable energy plants in Malaysia.