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Expert's profile
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Xavier Paulin More than 10 years licensing experience in China, Korea, Japan, Taiwan and Singapore. Helped main fashion brands from France and Italy, artists and leading consumer goods brands to be successfully licensed in Asia markets. |
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Facts & Figures in China
Chenming Paper To Put Up RMB 9.8 Bln Paper Projects
China’s Shandong Chenming Paper Holdings, a major paper manufacturer, announced its plan to invest RMB 9.8 billion in two high-end paper production paper projects and a logistic project in Shouguang City, Shandong Province. According to information filed with the Shenzhen Stock Exchange, Shandong Chenming Paper would invest RMB 5.2 billion in a 800.000 tons annual capacity low-weight coated art paper project and RMB 2.6 billion in a 600.000 ton annual capacity white-coated linerboard project. Meanwhile, RMB 2 billion will be invested to build a logistics center and the supporting railway. Both projects are expected to be completed in the year 2011.
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China’s Sinopec International Petroleum Exploration and Production Corp. (SIPC). has made a deal to buy Calgary-based Addax Petroleum for about C$8.27 billion (US$7.24 billion) as China continues to secure overseas energy assets to fuel its economy.
McAfee sees a boom in China’s security market following the launch of 3G mobile networks. Accordingly, the company is expanding its operations in the country.
Viacom’s Nickelodeon Asia is set to become the first U.S. cable TV network to produce a made-in-China animation block of programming, scheduled to be launched in July- China Toon .
