Imax Corp will announce a partnership with Huayi Bros, China’s largest film studio, to release three Chinese-language movies. Huayi Bros will produce the films together with Imax, which will market and remaster them. The first film, entitled “Aftershock,” will be the first large non-US made commercial film to be shown on Imax screens. It will [...]
China may introduce subsidies for solar power production in the second half of the year to encourage adoption of the technology. Zhao Yuwen, head of the China Renewable Energy Society’s photovoltaic committee said the National Energy Commission, part of the National Development and Reform Commission, was considering subsidies to be paid for by an existing [...]
India’s Federation of Chambers of Commerce has called for New Delhi to accelerate anti-dumping investigations on imported Chinese goods. The industry body, which represents small- and medium-sized enterprises in India, said that inexpensive Chinese products had damaged the market share of two-thirds of the companies it surveyed due to “typical Chinese predatory pricing.” India earlier [...]
The aircraft leasing arm of Bank of China said it has taken advantage of the economic downturn to expand its fleet. BOC Aviation chief executive Robert Martin said the company had bought 40 planes since December, and had plans to invest US$10 billion in aircraft by 2012 to increase its fleet size to 196 from [...]
The Ministry of Environmental Protection (MEP) has stopped construction of two hydropower dams in the upper Yangtze River region. Construction by state-owned power producers Huadian Power and Huaneng Power had started in January without proper environmental assessments or approval from the ministry, it said. “To protect the management of the environment … and to punish [...]
US private equity group TPG reached an agreement to sell its 17% stake in Shenzhen Development Bank (SDB) to Ping An Insurance for US$1.68 billion. Ping An will subscribe to up to US$1.6 billion worth of new shares issued by SDB in a private placement and will then buy TPG’s stake. TPG has the option [...]
The chairman of the China Banking Regulatory Commission said the US and other developed countries have not done enough to stop protectionism and resolve the problem of toxic assets. Liu Mingkang said a global recovery would not occur until problems in the global banking sector were dealt with. “Toxic assets must be immediately resolved world-wide. [...]
