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China Southern Airlines Co, the largest airline by fleet size in Asia, announced on Thursday it would withdraw from SkyTeam when its agreement with the airline alliance expires on Jan 1.
China Cinda Asset Management Co Ltd and China Orient Asset Management Co Ltd, two of the eight investors, will contribute around 5 billion yuan and 2 billion yuan, respectively, toward servicing debt of CSIC's Dalian Shipbuilding Industry Co Ltd and Wuchang Shipbuilding Industry Group Co Ltd, according to a recent filing made to the Shanghai Stock Exchange. In return, they would pick up equity in the two CSIC subsidiaries.
China Mobile, the world's largest telecom carrier by subscribers, will hand out 2 billion yuan (3 million) as subsidies to internet of things (IoT) device makers, as part of its broad push to build one of the world's largest IoT networks.
China and the UK differ in social system and cultural tradition. It is natural that we do not always see eye to eye. What is important is that we keep the larger picture in mind and see beyond our differences. We should take concrete steps to accommodate each other's core interests and major concerns, and handle our differences properly.
China Bohai Bank's logo. [Photo/cbhb.com.cn]
