Goodman Group and Canada Pension Plan Investment Board jointly announced a US$500m increase to their equity allocation to Goodman China Logistics Holding (GCLH), with $400m contributed by CPPIB and $100million by Goodman.
Despite decades of experience in China, many organizations still struggle to identify and select executives who will make a tangible impact there. Companies can do better by focusing on two crucial skills"”an ability to read the external environment and an understanding of what makes employees tick"”and on a tough truth: a generational challenge is making the talent equation more complex.
China's economic picture darkened in June as exports posted their biggest monthly drop since the recession.
The unexpectedly weak June data, reported by Chinese officials, suggests that the world's second-largest economy is still facing sluggish demand for its goods and could slow further than government and private forecasts.
In another sign that China's booming economy may be slowing, the country's manufacturing sector contracted in June after facing a credit crunch and seeing a decline in orders from Europe and the U.S., a survey said.