Investment Updates News
- Shanghai News
Date: 27-Mar-2007 Sources: (Shenzhen Daily)
THE president of the mainland's largest port operating company has detailed plans to follow other domestic corporations in becoming a major international force by investing heavily abroad, the Financial Times reported on its Web site yesterday.
Chen Xuyuan of Shanghai International Port (Group) Co. (Shanghai Port) said the company's first investment outside China, made last year in Zeebrugge, Belgium, was not enough, the paper reported. But tough competition from large, well-resourced competitors meant the Shanghai-listed company would need time to accomplish its goal, he told the paper.
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