Topic “China” — Exporter Magazine

Multinational conglomerate General Electric (GE) will invest more than USD$2 billion (NZD$2.54 billion) through 2012 in China to set up joint ventures with Chinese companies and expand its innovative capacity in the country, according to ChinaDaily.com More than 40 executives from Britain’s biggest companies, including Alliance Boots, Virgin, Shell and Barclays are accompanying British ministers in the hope of leveraging high-level political backing to increase their presence in China. China was ranked the seventh in the world in easing tax payments between June 2009 and May 2010, according to ChinaDaily.com, citing a report released Thursday by International Finance Corp. (IFC) and the World Bank (WB). HSBC today announced the completion of a renminbi-(RMB) denominated trade settlement transaction in Brazil, South America, expanding its currency settlement for the RMB across six continents.