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SHANGHAI(Reuters): The world's fifth-largest LCD panel maker, BOE Technology Group Co Ltd, said on Thursday it plans to raise 46 billion yuan ($7.5 billion) in the biggest Chinese equity offering this year.
RAYONG (Thailand): Everywhere you look on Thailand’s Amata industrial estate in Rayong you see signs in Chinese. It’s a similar story just along the coast in the tourist resort of Pattaya, where Mandarin is increasingly visible alongside English and Russian.
As China’s economy slows, its investors are looking abroad for growth and Thailand, home to one of the world’s largest ethnic Chinese minorities and a gateway to South-East Asia’s 600 million consumers, is a hot investment destination in everything from industry to condominiums.
SHANGHAI: Chinese banks are stuck in a lose-lose legal battle between domestic shipyards and foreign buyers over billions of dollars in refund guarantees that are supposed to be paid out if shipbuilders fail to deliver on time.
TOKYO: Snapping up four Japanese luxury Seiko watches as if they were cheap chocolate souvenirs, a 36-year-old Chinese tourist plunks down US$4,500 in cash at a glitzy store in downtown Tokyo.