China’s economy is showing mounting signs of deterioration from manufacturers to banks, raising the risk that outgoing Premier Wen Jiabao will miss his growth target for the first time since taking office in 2003.
NanoH2O Inc., a manufacturer of reverse-osmosis membranes that cut the cost of energy for seawater desalination facilities, plans to build a plant on the Yangtze River delta to tap China’s industrial water needs.
Shangri-La Asia Ltd. plans to add four hotels in the Yangtze River Delta region in the next two years, the South China Morning Post reported, citing Cetin Sekercioglu, vice-president for its Yangtze River Delta operations
China grew into the world’s leading shipbuilder over the last decade as hundreds of private yards opened to compete with state-run companies. Now, the government is poised to regain control as the industry heads for consolidation.