News Bites: Chinese Build FTZ in Uganda, Temasek Buys Into Li & Fung
Source: http://www.bizchina-update.com/content/view/1313/2/Posted on Monday, September 8th, 2008 | In China
Contributed by: Biz China Update (http://www.bizchina-update.com) -
Chinese Firm Builds Free Trade Zone in Uganda
Paradise International Investment Ltd is investing USD1.5 bn to build infrastructure in the Ssesamirembe Eco-City located in the Lake Victoria Free Trade Zone. Paradise signed an agreement with Uganda’s Kagera Eco-Cities, which is authorised to supervise the investment and work, the Ugandan website…
Last 5 posts by Biz China Update
- Shanghai's Economy Grows 10.1 Per Cent - October 28th, 2008
- Weekly China Statistics Update - October 25th, 2008
- Spain Lends EUR360m to China, China Joins Inter-American Dev. Bank - October 24th, 2008
- GDP Grows 9.9 Per Cent - October 20th, 2008
- CIC Says Major U.S. Fund Investments Are Secure - October 16th, 2008
Tags for this Post:
biz china update, China, China, Into Li & Fung, Ssesamirembe Eco-City, Temasek, Uganda, Uganda Paradise International Investment Ltd, USD
biz china update, China, China, Into Li & Fung, Ssesamirembe Eco-City, Temasek, Uganda, Uganda Paradise International Investment Ltd, USD
Launched on 1 September 2007, BizChinaUpdate is an independent online information resource, providing fast, accurate China business news, interviews and features. Readers can browse our selection of online China business content and register at our website to sign up to our free weekly electronic newsletter.
As China continues to evolve into a global power, its economic structures are changing, new laws are being enacted and the government is seeking to re-channel the fruits of sustained growth from the eastern seaboard to the rest of this vast nation. Gateway cities, such as Beijing, Shanghai, Shenzhen and Guangzhou, now compete with cities across China for foreign and governmental investment.
Meanwhile, successful Chinese companies are raising billions of dollars from domestic and international IPOs, and the most ambitious are acquiring foreign companies from Santiago to Sydney and Stockholm to Saigon. The nation’s twin-barreled property and stock market frenzy has created 106 dollar billionaires, when in 2002 there were none.
China's unparalleled economic renaissance is impacting citizens of almost every nation, and timely, reliable information on commercial trends and developments is in strong demand. That’s why BizChinaUpdate was created: to provide business news and informed comment from trusted sources.
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.