1. On March 7th, a team from the China Council for the Promotion of International Trade flew to Germany, Switzerland, Spain and UK for a series of seminars and projects negotiations. The focus of these events is on: auto, mechanical electronics, light industry, food, fiber clothing, chemistry medicine and environmental energy-saving industries.
2. Bank of Paris will purchase 75% equity of Fortis Bank (owned by the Belgium government). The inflow of funds from Bank of Paris will allow Fortis Bank to spend 13.75 million Euro to buy a 25% equity share of Fortis Belgium Insurance. B36
3. Last Friday GOME (one of the biggest household appliance companies in China) signed a contract to cooperate with SANLIAN COMMERCE CO. LTD. (a multi-targeted company in Shandong province). In the coming 3 years, GOME will sell goods to SANLIAN at a cheaper price. B36
4. On March 7th, China Mobile, China Unicom and China Telecom signed a strategy agreement, agreeing to invest 100 billion RMB in the coming 5 years in Zhejiang Province. B37
5. AUDI will produce Q5 (a new model auto) in Oct this year. B37
6. SUNING (one of the biggest household appliance companies in China) will open their first branch in Hong Kong this year. The company will offer 2,000 job positions for the graduates. B38
7. Wu Steel Company is going to cut down steel price in April. B36
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