Shanghai is boosting armed police patrols, closing government offices and cordoning off parts of the Lujiazui financial district as the nation’s commercial hub tightens security before an Asian security summit next week.
Honeywell International Inc. will form three joint ventures in China to supply the country’s new passenger plane program, Shanghai Daily said, citing Mark Howes, president of the company’s Asia-Pacific aerospace unit.
McDonald’s Corp. restaurants in Shanghai temporarily suspended food-delivery service after the chain’s phone system froze during an upgrade, Shanghai Daily said, citing Liu Xiaolin, a company public relations officer.
PetroChina Co. Chief Financial Officer Zhou Mingchun called on China’s government to raise the threshold for the windfall tax on oil and combine it with other resource levies, the Shanghai Daily reported today.
Chinese investors have entered the French wine futures market “as a big player,” which may boost market prices, Shanghai Daily News reported, citing Hubert de Bouard, owner of Chateau Angelus in the Bordeaux region.