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Business

Partnership option soon available for foreign investors

China will soon allow foreign investors the option to invest in the mainland via partnership firms beginning in March 2010.

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Minority businesses locked out of stimulus loans

By Aaron Glantz, New America Media
 
Loans handed out to struggling small businesses as part of President Barack Obama's stimulus package have largely shut out minority businesses -- especially those owned by Blacks and Latinos -- according to data provided by the federal government's Small Business Administration (SBA) to New America Media (NAM).

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China solar giant Suntech to set up first U.S. plant

China's solar panel maker Suntech Power Holdings Co., Ltd. said it will set up its first U.S. factory in the Greater Phoenix, Arizona area. Steven Chan, Suntech's Chief Strategy Officer, said in Beijing the company will make an initial investment of US$10 million. The investment decision was made as the solar energy market grows rapidly in North America thanks to the region's pro-solar policies. The U.S. market had 356 MW of solar PV capacity installed during 2008 and is expected to grow six-fold to more than 2 gigawatts (GW) by 2012.
 
Source: CTR / U.S. Commercial Service, China

China State Construction nets US$100 million U.S. subway deal

China State Construction Engineering Corp, the largest contractor in China, has bagged a subway ventilation project worth about US$100 million in New York's Manhattan area, marking the construction giant's third order in the United States' infrastructure space this year. In the first three quarters of this year, the Chinese construction giant signed more than US$2 billion worth of contracts in the U.S. market.
 
Source: CTR / U.S. Commercial Service, China

China's efforts to create more jobs pay off: minister

China's proactive employment policies and measures in the wake of the financial crisis have generated positive results, Yin Weimin, Minister of Human Resources and Social Security, said on [Dec. 19].

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