Tycoon Said to Bring Down a Deputy Mayor, Control Key Beijing Land Deal
April 6, 2015
By Caixin staff reporters Yu Ning and Liu Ran, and intern reporter Cui Xiankang. This article was first published in Caixin.
A recent business dispute between a state-owned technology conglomerate and a private property developer has put a low-profile but powerful businessman in the spotlight. The businessman is believed to have brought down a former Beijing deputy mayor, control a landmark building project in the capital, and have close ties to a disgraced national security official.
The drama started late last year, when a fight between Peking University Founder Group Co. Ltd. and Beijing Zenith Holdings Co. was ignited by disputes over control and terms of the pair s jointly owned Founder Securities Co.
Trade ties on the up thanks to FTA boost
The upgraded free trade agreement between China and New Zealand will generate fresh momentum for their trade ties in the coming years, boosting the trade in goods and services and regional connectivity activities.
Many opportunities occurred after the two sides inked an upgrade to their 12-year-old bilateral FTA in late January, on the basis of the Regional Comprehensive Economic Partnership that they signed along with 13 other countries in the region in November.
Under the upgraded agreement, China and New Zealand have committed to reinforcing cooperation in areas including e-commerce, competition rules, government procurement, and their trade in goods, said Yu Benlin, director-general of the Department of International Economic and Trade Affairs at the Ministry of Commerce.
URBAN MOBILITY: KNORR-BREMSE SECURES ITS LARGEST EVER MULTI-SYSTEM ORDER IN CHINESE METRO HISTORY
Knorr-Bremse and Chinese train producer CRRC have sealed a major order for braking and entrance systems for Beijing’s new metro line 17, as well as heating, ventilation and air conditioning systems (HVAC) for line 19
In total, Knorr-Bremse will deliver systems in the mid double-digit million-euro range for 78 trainsets with a combined 624 cars to CRRC subsidiaries Changchun Railway Vehicles and Sifang in Qingdao
In addition, Knorr-Bremse Suzhou’s RailServices unit is to modernize a train of the city of Shenyang’s metro line 2, and Knorr-Bremse’s MERAK-Jinxin HVAC joint venture has received overhaul certification for CRH5G high-speed trains