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/ 25 October 2007
China’s biggest lender ICBC is to buy 20% of South Africa’s Standard Bank for R36,67-billion (,6-billion) in cash, in the biggest foreign investment yet in Africa. The move announced on Thursday comes as Beijing encourages major state firms to expand abroad, particularly in developing countries.
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/ 18 September 2007
China, the world’s fastest-growing aviation market, will need 3 400 new airplanes worth about $340-billion over the next 20 years, United States aircraft maker Boeing said on Tuesday. The forecast marks a dramatic increase from an earlier prediction by Boeing of 2 900 aircraft in the period from 2005 to 2025.