China Spreads Its Wings with New Aircraft Project
China approved an ambitious plan to develop its own major aircraft. A development platform is to be established as early as this year, and the project could last more than a decade.
Motorcycle Firm’s Collapse Leaves Only Skid Marks
China Qingqi’s rise and fall paralleled the process of China’s economic reform that began in the 1980s. But how did a small, state-owned motorcycle-maker with less than 20 million yuan (US$ 2.59 million) in assets grow into a huge conglomerate in its first 10 years and then collapse in the following decade?
Xugong Struggle May Yield Foreign-Investment Rules
The Ministry of Commerce (MOFCOM) has shelved a watered-down version of the buyout offer, raising doubts about the future of Carlyle’s 18-month effort.
Giant Power Group’s Privatization Under Fire
The recent privatization of Luneng Group, a formerly state-owned enterprise based in Shandong Province and one of China’s largest conglomerates
Richard Li Defends PCCW Sale
“If history could repeat itself, I would have been more careful in balancing the interests of all parties involved,”
China Mobile: Last Minute Back-out
China Mobile withdrew its plan to acquire Millicom after an overall consideration of markets and risks
Caterpillar’s Acquisition of Xiagong Put on Hold
Acquisition of Xiagong, a domestic heavy machinery maker, has stalled after the announcement of a state assets restructuring plan.
Bank of China Hit by New Scandal
Bank of China has discovered that several of its managers at a local sub-branch have colluded with a local businessman to cash fraudulently
Debate Continues Over Nuclear Power Program
Controversy continues over China’s ambitious nuclear power program as several world nuclear power giants
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