May 16 – Germany's top three luxury carmakers, Audi, Mercedes-Benz and BMW, sold a total of 297,500 cars in China in the first four months of 2012, increasing the country's share of their global sales volumes to 20%.
May 16 – ANZ, Australia's third largest lender, plans to invest $300 million to more than triple the size of its network in China, Bloomberg reported. The number of outlets will be increased to 20 in the next five to 10 years, up from six now. The capital increase, which is subject to regulatory approval, is the first since the bank invested $395 million while incorporating its Chinese unit in 2010.
May 15 – McDonald's Corp (NYSE: MCD) said it plans to hire 70,000 workers for its 1,400 restaurants in China this year, and to make May 20 a public hiring day in the country. Separately, the fast food giant has marked up some of its breakfast and lunch meals in China by an average of 16.6%.
May 15 – South Korea's National Pension Service, its biggest investor, plans to seek approval to buy more Renminbi-denominated Chinese stocks after using up the initial quota of $100 million it received in March, Bloomberg reported, citing NPS chairman Jun Kwang Woo. The $316 billion pension fund aims to expand investments to Chinese bonds and so-called alternative investments later.
May 11 – General Electric Co (NYSE: GE) and China Shenhua Energy Co (SHA: 601088, HKG: 1088), the nation's biggest coal producer, sealed a deal to build a 50:50 gasification technology company. The joint venture, the fruit of three years of negotiations, will offer technical support to Chinese chemical and power plants.
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