Germany’s BMW (BMWG.DE) said it will take majority control of its main China joint venture for $4.2 billion, the first such move by a global carmaker as Beijing starts to relax ownership rules for the world’s biggest auto market.
The founders of Hektar Nektar have an ambitious goal, namely to counteract the death of bees with an online platform, and significantly strengthen the bee population in Germany and Austria on the basis of 100,000 new beekeepers.
Fosun International Ltd won regulatory approval from the European Commission on 27 August to acquire a German automated and flexible production systems maker, paving the way for the Chinese conglomerate to tap into the intelligent manufacturing sector.
Content Types: EventRegions & Countries: ChinaGermanyIndustries: All
As the first and third largest exporters globally, China and Germany will prove crucial drivers of trade along the Silk Road Economic Belt and the 21st-century Maritime Silk Road. Together these form the Belt and Road Initiative, a landmark shift in the global economic order that will touch over 65 countries across four continents.
About 52% of business travel managers surveyed by the German travel payment company AirPlus International are optimistic that China's economic activity will drive growth of the business travel market, more than anywhere else in the world.