Ten Chinese companies eyeing BRICS markets
Leaders of BRICS countries - Brazil, Russia, India, China and South Africa, are scheduled to meet in Xiamen, a resort city in Fujian province, from Sept 3 to 5.
Earlier in August, BRICS commerce ministers also reached agreements at a meeting in Shanghai to boost trade, investment, e-commerce and cooperation in intellectual property rights.
Here are 10 cases of Chinese companies exploring BRICS markets beyond their home market this year, which can offer a glimpse of business dynamics in this bloc. Let us take a look.
No 1 Gezhouba discloses its plan to buy Brazilian water utility
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| A man passes by the headquarters of China Gezhouba Group Co Ltd in Wuhan, Central China's Hubei province, on Dec 24, 2014.[Photo/VCG] |
Construction conglomerate China Gezhouba Group Co Ltd announced on March 30 that its subsidiary－China Gezhouba Group Overseas Investment Co Ltd－will spend up to $200 million to acquire 100 percent stake of Sistema Produtor Sao Lourenco, a water supply company in Brazil, China Daily reported.
Gezhouba added that it would also be able to acquire the operational rights of the water supply program in Sao Paulo state.
The water system, once completed, will serve 1.5 million local residents, according to the Sao Paulo state government's official website.
