Committee on Foreign Investment

Wanxiang gets green light to buy A123's assets

A123 Systems received approval to sell its most of its assets to Wanxiang. Photo: NYT

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

Robert Hormats invites China to invest in US - if it plays fair

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

CNOOC may give up control of rigs near military base for Nexen deal

The Nexen deal will be the biggest overseas takeover by a Chinese company. A review is scheduled to end soon. Photo: EPA

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