Wanxiang won court approval to buy most of the assets of A123 Systems, the failed electric-car battery maker backed with US government funds, for about US$256.6 million.Thursday, 13 December, 2012, 3:34am
The United States welcomes investments from China but has concerns about the operations of state-owned enterprises in its market, Undersecretary of State Robert Hormats said.
"We want Chinese investments. Chinese investment in the US has increased dramatically and will continue to increase," said Hormats, who recently visited China to attract investment.8 Dec 2012 - 3:46am
China's biggest offshore oil and gas producer may have to give up control of drilling platforms 80 kilometres from a major US military base to win government approval for its US$15.1 billion purchase of Canada's Nexen.8 Dec 2012 - 3:46am