On March 24, 2011, the Tianjin Economic-Technological Development Area (TEDA) Administrative Commission inked an investment memorandum with Globe Express Services to build a hazardous cargo warehouse in the Nangang Industrial Zone. The planned 50,000-square-meter project with an investment of… Read More>>
China Tops US in Manufacturing: Study
WASHINGTON — China topped the United States as the world’s largest manufacturer for the first time last year, according to a study Monday by economic research firm IHS Global Insight.
China accounted for 19.8 percent of global manufacturing in 2010,… Read More>>
Chinese PMI dips, but Still Showing Growth
The Chinese industrial economy kept growing a bit faster than economists had expected in February, although the impact of recent interest rate hikes curbed activity somewhat.
According to the official Federation of Logistics and Purchasing, the Chinese purchasing managers index… Read More>>
GLP to Invest US$200 million in Suzhou Logistics Park
Global Logistic Properties Limited (GLP), a market leader in modern logistics facilities in China and Japan, announced on February 24th that it has entered into a joint venture with Suzhou New District Bonded Logistic Center Development Co., Ltd…. Read More>>
New GLP Distribution Centre Planned for Chongqing, China
Global Logistic Properties (GLP) announced recently that it will open a new logistics center in Chongqing’s Ba’nan District in western China.
With an investment of RMB 680 million, Global Logistic Properties (Chongqing) Urban Logistics Center will be set… Read More>>
Shanghai World Financial Centre Goes Strata
In a break from its traditional lease-only approach to commercial property development, Japan’s Mori Group, the developer of China’s tallest building , the Shanghai World Financial Center (SWFC), has decided to sell space in the building on a strata… Read More>>
GLP Back in the Black
Global Logistic Properties (GLP) has turned around in its fiscal third quarter from a loss in the year-ago period, posting a net profit of US$82.1 million.
A public-listed company which owns warehouses and other logistic assets mostly in China… Read More>>
Goodman Acquires Beijing Warehouse Facility
Goodman Group announced that it has acquired a warehouse facility with attached development land in Beijing that has the potential to provide over 40,000 sqm of total gross floor area (GFA), with a total forecast value of approximately RMB150… Read More>>
Asian Growth Properties and the Redwood Group Form Warehouse Venture
Asian Growth Properties (AGP) and The Redwood Group (TRG) announced a joint venture on 19th January, 2011 to develop, invest and manage logistics real estate in the People’s Republic of China.
SGP (Sino Growth Properties)-Logistics, Ltd. will provide a professional… Read More>>
SAIC to Set Up Equity Venture Wing
SAIC Motor Corp, China’s largest listed auto maker, will set up an equity investment subsidiary to invest in auto and auto-related industries.
The company’s board yesterday approved the setup of the proposed unit, which will have a registered capital of… Read More>>
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