IDC ranked Dalian as the fifth best city in the Asia Pacific region for offshore software delivery. China Business News looks at the city’s plans to become the world’s number one

Lenovo Group’s 2006 fourth quarter and full year fiscal report released May 23 was the first time the company was able to report profitability in its American business. Overseas revenues broached 50% of its total. In an exclusive interview with the Beijing Youth Journal, Lenovo chairman Yang Yuanqing outlines the company’s plan to continue to increase overseas profitability.

2007 is turning into a benchmark year for Industrial Bank of China (CIB), a Fuzhou-headquartered joint venture between the Fujian provincial government and Hong Kong’s Hang Seng Bank. In an exclusive interview with China Business News, bank chairman Li Renjie said that now the bank had gone public through an offering in Shanghai, overseas strategic investors were key to the banks development strategy.