- DHL to Invest $175 Million In New Shanghai Facility [WSJ]
DHL Worldwide Express Inc. said it will invest $175 million in a new express-delivery hub in Shanghai to serve its customers in China and other countries in northern Asia.
- Shanghai mulls traffic ‘congestion fee’ [The Age]
Shanghai is considering London-style “congestion fees” for private cars driving during peak hours to ease traffic strains caused by soaring car ownership, local media said.
- France Gets $29.62B in Chinese Contracts [AP]
France netted deals in China for nuclear reactors and passenger jets worth a combined $29.62 billion Monday, the second day of a state visit by French President Nicolas Sarkozy.
- China manager says World Cup soccer draw ‘worst ever’ [AFP]
The 2010 World Cup draw is China’s worst ever, the team’s manager said Monday after they were pitted against Australia, Iraq and Qatar in the Asian “group of death”.
- Mandelson causes a storm in China [Guardian Unlimited]
Peter Mandelson, EU trade commissioner, caused a storm in China today by accusing the authorities of failing to tackle a “tidal wave” of counterfeit goods and turning a blind eye to the theft of European firms’ innovations and patents.
- Beijing still committed to opening stock market [IHT]
The Hong Kong chief executive, Donald Tsang, says that the Chinese government is committed to a plan for letting the country’s mainland investors trade shares on the city’s stock exchange.
Photo from meckleychina