MetLife to form joint venture with company in China.MetLife Inc. said it will form a joint venture with a Chinese Chinese, subfamily of the Sino-Tibetan family of languages (see Sino-Tibetan languages), which is also sometimes grouped with the Tai, or Thai, languages in a Sinitic subfamily of the Sino-Tibetan language stock. airport management and investment company to sell life insurance in China. The proposed joint-venture company, to be named Sino-US MetLife Insurance Co. Ltd., will be based in Beijing Beijing (bā-jĭng) or Peking (pē-kĭng, pā–), city (1994 est. urban pop. 6,093,300; 1994 est. total pop. 7,240,700), capital of the People's Republic of China. It is in central Hebei prov. , MetLife said. The New York-based life insurer's partner is Capital Airports Holding Co., which owns Beijing International Airport. Capital Airports operates in five major business areas--airport control, airport construction, hotels and tourism, investment and financing and service guarantee. William William, crown prince of Germany William or Frederick William, 1882–1951, crown prince of Germany, son of William II. In World War I he commanded (1914) an army on the Western Front and was nominal commander in the German attack J. Toppeta, president of MetLife International, said the joint venture will be a "key component" in MetLife's international growth plans. The tie-up tie-up n. A temporary immobilization, as of traffic, work, or mechanical operation. Noun 1. tie-up - a social or business relationship; "a valuable financial affiliation"; "he was sorry he had to sever his ties with other with Capital Airports will extend MetLife's reach in China, he said. |
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