Mexican airline Interjet seeks cooperation with China's Hainan Airlines -- The third largest Mexican airline Interjet announced on April 11 it is seeking an alliance with China's Hainan Airlines in the second half of 2018 to attract more tourists from Asia. Interjet's Executive Director Julio Gamero told the press the two airlines are negotiating details of the alliance, saying the cooperation follows the general trend of globalization in this industry.
Chinese, U.S. companies jointly develop Los Angeles Arts District Center -- Leading Chinese and U.S. construction companies on April 10 jointly launched a project to develop the Arts District Center in downtown Los Angeles. In partnership with China Building Techniques Group Co. Ltd. (CBTGC) and U.S. architectural firm AC Martin, with its history of over 110 years, Arts District Development LLC (ADD) is planning a permanent new home.
Audi to launch 10 new energy vehicle models in China by 2022 -- The Sino-German auto joint venture FAW-Volkswagen will roll out an additional ten Audi new energy vehicle models in China by 2022, the company said on April 8. Electric sports utility vehicles (SUVs) will be among the new models, according to the company. The company launched a new A8L model on Chinese market the same day.
Online health insurer sees enormous potential -- China's first online insurer, ZhongAn Online P&C Insurance, launched its latest mid-range medical insurance product on April 11, targeting the fast-growing sector. Mid-end medical insurance is about to enter a high-speed development stage, mainly due to the expanding demands of China's middle-class consumers. According to ZhongAn, the total size of the market in this field is expected to reach 20 billion yuan (3.2 billion U.S. dollars) by 2018. (Source: China Daily)
Oliver Healthcare Packaging opens plant in China -- U.S. company Oliver Healthcare Packaging has opened a manufacturing facility in east China's Jiangsu Province. The 68,000-square-foot plant, located in Suzhou City, boasts an estimated production value of over 100 million U.S. dollars every year, the company said on April 10. The plant will focus on pouch making, roll stock conversion, die-cut lid manufacturing and mounting card production.
Prudential to expand operations in China -- Prudential Plc, Britain's largest insurer, plans to increase investment in China to boost its product coverage and sales distribution in the country and the company is interested in increasing the stake holding in its local joint ventures, according to a senior executive of the insurer. Nic Nicandrou, chief executive of Prudential Corp Asia, said that the insurer is looking to increase headcount and establish more offices in China as it expands its presence in central and western parts of the country. (Source: China Daily)
China's CGN a major player in global clean energy markets -- China General Nuclear Power Corporation’s first photovoltaic power project in Malaysia, for which construction started last month, is expected to be operational in March 2019, said He Yu, chairman of CGN, who spoke during the Boao Forum for Asia annual conference on April 9.
In addition to that solar power project, the company will focus on the development of clean energy abroad, especially in countries and regions covered by the Belt and Road Initiative, he said. (Source: China Daily)
Chinese property giant builds reputation with project in London -- Housing experts said the recent acquisition of a former industrial site in a relatively affordable part of East London by one of China’s top real estate developers may signal the end of trophy hunting in the London property market. A consortium formed by Guangdong-based Country Garden, which is China’s top real estate developer by revenue in 2017, and an unnamed Hong Kong fund bought land in Ailsa Wharf from United Kingdom developers Galliard Homes and Lindhill Homes for 80 million pounds (113 million U.S. dollars). (Source: China Daily)
A single purchase
