UPS and Shanghai Airport Authority have conducted a formal groundbreaking ceremony for the UPS International Air Hub at Pudong International Airport. The new hub will link all of China via Shanghai to UPS' international network with direct service to the Americas, Europe and Asia...   more »

Foreign investment in China shows few signs of cooling. It reached $5bn in July, a rise of 18% over July 2006, while total foreign investment in the first seven months of 2007 reached almost $37bn, a rise of 13% over the year-earlier period.

The number of new foreign-financed companies approved in July fell 1% from the same month last year to 2,993, the Commerce Ministry said on its Web site.

Technorati : china, economy, government, investment