Wanda Group of China Buys AMC Entertainment [Second Largest US Theater Chain!!]
Posted by admin / Under China Nepstar
Wanda Group of China Buys AMC Entertainment By Richard Verrier May 20, 2012 The owner of China’s largest movie theater circuit took a big leap forward into the U.S. market, acquiring AMC Entertainment Inc., the nation’s second-largest theater chain, the latest in a flurry of high-profile deal-making between the countries’ entertainment industries. Dalian Wanda Group, a Chinese conglomerate, said in a statement that it had reached an agreement to acquire AMC’s 5,048 screens in 347 theaters in the U.S. and Canada. The Kansas City, Mo., theater chain is owned by several investment firms, including JPMorgan Partners, Apollo Investment Fund and...
Published on Monday 21st of May 2012 07:40:20 AM
Chinese company to buy US movie theater chain AMC
Posted by admin / Under China Nepstar
BEIJING (AP) — A Chinese conglomerate has announced it will buy U.S. cinema chain AMC Entertainment Holdings for $2.6 billion to create the world's biggest movie theater operator. Dalian Wanda Group Co. said Monday it is willing to invest an additional $500 million to fund AMC's strategic and operating initiatives.
Published on Monday 21st of May 2012 07:40:20 AM
India's dam plans anger Pakistan, symbolise global water woes
Posted by admin / Under China Nepstar
Its three great basins -- the Indus, the Ganges and the Brahmaputra -- are the most densely populated area in the world. The Ganges alone supports half a billion people. Seventy per cent of South Asia's 1.5 billion people live in farming families, and depend on the water of those basins for their survival. That number grows by 25 million every year. For generations the rivers have watered the bread basket of the Punjab, the cotton plants and fruit trees of the Sindh, and the rice paddies of Bangladesh, and grown this region faster than anywhere else. But South Asia's...
Published on Monday 21st of May 2012 07:40:20 AM
Chen Guangcheng on way to US
Posted by admin / Under China Nepstar
The saga of Chinese democracy and pro-life activist Chen Guangcheng will conclude today with a much happier ending than first feared. The New York Times reports than Chen has boarded a flight to the US and is already in transit — along with his family: Chen Guangcheng, the blind legal defender who made a dramatic escape from house arrest and whose decision to seek refuge in the American Embassy here jolted American-Sino relations, left China aboard a commercial flight bound for Newark on Saturday.Mr. Chen and his family departed around 5:30 p.m. on a United Airlines flight after facing earlier...
Published on Monday 21st of May 2012 07:40:20 AM
New Paleolithic remains found near the Liuhuaishan site in Bose Basin, Guangxi
Posted by admin / Under China Nepstar
The Liuhuaishan site is an important early Paleolithic site found in the Bose Basin. In December 2008, Scientists from the Institute of Vertebrate Paleontology and Paleoanthropology (IVPP), Chinese Academy of Sciences, and Youjiang Museum for Nationalities, Bose, carried out a short survey around this site and found three new Paleolithic localities with a collection of 37 stone artifacts. This new finds will help better understand the human behavior at open-air sites in south China, researchers reported in the latest issue of Acta Anthropologica Sinica 2012 (2). The stone artifact assemblage included cores, flakes, chunks, choppers and chopping tools, and picks,...
Published on Monday 21st of May 2012 07:40:20 AM
Forget Greece, China Biggest Risk to Global Economy: Faber
Posted by admin / Under China Nepstar
Forget Greece, China Biggest Risk to Global Economy: Faber Published: Friday, 18 May 2012 | 6:16 AM ET By: Jean Chua Writer for CNBC.com Forget Greece, which is an "insignificant" economy, it is China that poses the biggest risk to the global economy, Marc Faber the editor and publisher of the Gloom, Boom and Doom report told CNBC on Friday. "I think the biggest risk is actually China because if you look at Greece, it's an insignificant economy," Faber said on CNBC Asia's “Capital Connection.” "Yes, they owe money, but the market knows that it's bankrupt." The European Central Bank...
Published on Monday 21st of May 2012 07:40:20 AM
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