The World Trade Organisation has upheld its ruling in June that China violated global trade rules by imposing anti-subsidy and anti-dumping penalties on more than US$200 million of flat-rolled electrical steel products from the United States. Bloomberg
Hutchison 3G, part of Li Ka-shing's business empire, will need to sell assets such as spectrum to soothe regulatory worries about its planned €1.3 billion (HK$13.2 billion) purchase of France Telecom's Orange Austria, which will reduce the number of telecoms operators in Austria, the European Union's competition commissioner, Joaquin Almunia, said. Reuters
China Investment Corp, the country's sovereign wealth fund, is interested in investing in Canada's resource and infrastructure sectors, a CIC executive told the official China Securities Journal. Other areas of interest include manufacturing, technology and real estate. Reuters