| China is world’s No. 5 global investor | Send to a friend |
| Monday, 06 September 2010 22:02 |
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China which recently emerged as the world's second largest economy has now become the fifth biggest global investor even as foreign direct investment into the country is set to cross $100 billion this year. Bucking international trends in both outbound and inward investments, China stepped up its outbound direct investment to $56.5 billion, jumping from 12th position in 2008 to fifth in 2009, read the Chinese Commerce ministry figures. On top of this, FDI in the country this year was set to surpass $100 billion compared to $90 billion last year, Shen Danyang, vice-director of the ministry told official China Daily yesterday. Google in talks with telecom operator KAMPALA Google, a United States-based online information search company, is in discussions with MTN and Orange Uganda for business partnerships to vend its products in the country. The talks could lead to easy access and lower prices of products of the information technology company in Uganda. Besides software applications like; search, mail, and chrome, Google sells company adverts, and high end phones like Nexus One and Android. Mr Nelson Mattos, the vice president Google Europe, Middle East and Africa met the MTN Uganda chief executive, Mr Themba Khumalo, and Orange executives in Kampala Add this page to your favorite Social Bookmarking websites           |
