“Secure and controllable

MNCs in the News-2015-12-11

Cisco says it will give its source code to no one while seeking a “win-win” arrangement with China. Chinese media report that Google has set up a shell company in the Shanghai Free Trade Zone. Chinese Ministry of Commerce (MOFCOM) official says that the government will work to facilitate greater outward investment by Chinese firms. Chinese nuclear firms radiate over opportunities presented by China’s Silk Road Economic Belt and 21st Century Maritime Silk Road Initiative. Taiwan struggles to set policy regarding mainland Chinese investment in its chip sector. Chinese firms look to expand abroad to escape limits on their ability to test and sell GMO crops at home. Following the China-Africa summit, Chinese firm wins new railway deals with Kenya. Japan to sign major high-speed rail contract with India. Japanese firms will participate in Brazil urban rail projects. Korean Finance Ministry will create a major fund to support Korean businesses in China. Samsung Engineering scores major petrochemical project awards from Petronas. Nestle acknowledges some working in its Thai seafood supply chain are treated like modern-day slaves. Former Malaysian (Sabah) Chief Minister believes government can create the conditions facilitating a Chinese firm building a bridge connecting Labuan and Sabah. China Railway Engineering Corp. makes investment in Malaysia to lay a possible foundation for bidding on a high-speed rail link between Kuala Lumpur and Singapore.

MNCs in the News-2015-08-21

China Banking Regulatory Commission (CBRC) revives “dead” banking sector technology rules. Chinese labor law on dispatch workers encourages firms to turn to contract manufacturing. High-tech firms turn to Hong Kong as new host destination. National Development and Reform Commission (NDRC) and CBRC issue guidelines designed to prod banks to support major overseas and domestic projects. China injects massive amount of capital into China Development Bank and the Export-Import Bank of China to bolster resources for outward investment and overseas projects. Sri Lanka stresses it still welcomes Chinese investment. Korean coal-fired power plant project in Kazakhstan may be going up in smoke. Korea’s LG Group and its affiliates look to deepen their involvement in Western China on the back of good government relations and favorable Chinese government policies. Indonesia optimistic about inward FDI in manufacturing and will offer special policies to attract more. Vietnam will give private investors greater stakes in select state energy companies. Vietnam courts foreign public and private involvement in its tuna and seafood industries