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  1. Chongqing plans US$8b overseas shopping spree

    Posted May 11th 2009, 12:00am by Denise Tsang

    ... according to executive vice-mayor Huang Qifan. High on the shopping list are the acquisition of more than 333,000 hectares (5 million mu) of farmland, an iron ore mine and machinery equipment, and high-tech equipment. 'Assets valued at 10 yuan previously are worth 2 yuan now,' Mr Huang said in a seminar over the weekend. 'It will be foolish not to buy anything right now. ...

    http://www.scmp.com/article/679867/chongqing-plans-us8b-overseas-shopping-spree

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