China Economic ReviewChinese Prime Minister Wen Jiabao has completed landmark visits to Greece, Italy and Turkey. In Rome, Wen sealed agreements worth US$3.13 billion for projects including solar power and broadband internet. In Ankara, he signed an agreement for the joint construction of 4,500 kilometers of Turkish railway. Turkish Prime Minister Recep Tayyip Erdogan called the project […]
Lakshmi Mittal, CEO of ArcelorMittal (MT.NYSE, MTS.BMAD, MT.LuxSE), the world’s largest steel producer, called on China to relax its onerous restrictions on foreign investment, the Financial Times reported. Mittal, referencing a debate surrounding Anshan Iron & Steel’s plans to build a steel plant in Mississippi, said that "[y]ou cannot expect business people in the US […]
China’s going outward movement finally catches some momentum
Chinese investment in Ecuador ranges from the telecom to hydropower, and it’s not slowing down
Country Style Cooking Restaurant Chain (CCSC.NYSE), a Chinese fast-food company, priced its initial public offering in the US at US$16.50 per share, above the expected range of US$14 to US$16, Dow Jones reported. The IPO of at least 5 million shares raised US$82.5 million, 18% more than the initial offer. The Chongqing-based company saw revenues […]