Honda Automobile (China) Co., Ltd. (CHAC), an export automobile production joint venture of Honda Motor Co., Ltd., Honda Motor (China) Investment Co., Ltd., Guangzhou Auto Group Co., Ltd. and Dongfeng Motor Group Co., Ltd. began exports to Europe of the compact passenger car Jazz. Next year Honda will ship Acuras from Japan to China.

Simon Property Group has signed a Co-operation Framework Agreement with the Morgan Stanley Real Estate Funds and SZITIC Commercial Property Co. to develop retail shopping center projects in China. Simon and MSREF will each own 32.5% of the enterprise while SZITIC CP will own 35%. Each project will be an urban, multi-level, retail destination of between 40,000 sq. m and 70,000 sq. m (430,000 and 750,000 sq. ft.), anchored in all cases by a Wal-Mart store.