Fu Chengyu, Chairman, China Petroleum & Chemical Corporation, speaks at the Company's 2012 interim results announcement press conference at Grand Hyatt Hong Kong hotel, Wan Chai. Photo: Nora Tam Fu Chengyu, Chairman, China Petroleum & Chemical Corporation, speaks at the Company's 2012 interim results announcement press conference at Grand Hyatt Hong Kong hotel, Wan Chai. Photo: Nora Tam
Fu Chengyu, Chairman, China Petroleum & Chemical Corporation, speaks at the Company's 2012 interim results announcement press conference at Grand Hyatt Hong Kong hotel, Wan Chai. Photo: Nora Tam
Doug Young
Opinion

Opinion

Doug Young

Sinopec's China Gas bid flames out

Sinopec's scrapping of its hostile bid for China Gas means big state-run Chinese firms are unlikely to make more similar unfriendly M&A attempts in the near term.

Fu Chengyu, Chairman, China Petroleum & Chemical Corporation, speaks at the Company's 2012 interim results announcement press conference at Grand Hyatt Hong Kong hotel, Wan Chai. Photo: Nora Tam Fu Chengyu, Chairman, China Petroleum & Chemical Corporation, speaks at the Company's 2012 interim results announcement press conference at Grand Hyatt Hong Kong hotel, Wan Chai. Photo: Nora Tam
Fu Chengyu, Chairman, China Petroleum & Chemical Corporation, speaks at the Company's 2012 interim results announcement press conference at Grand Hyatt Hong Kong hotel, Wan Chai. Photo: Nora Tam
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Doug Young

Doug Young

Doug Young has lived and worked in China for 15 years, much of that as a journalist for Reuters writing about Chinese companies. He currently lives in Shanghai where he teaches financial journalism at Fudan University. He writes daily on his blog, Young’s China Business Blog (www.youngchinabiz.com), commenting on the latest developments at Chinese companies listed in the US, China and Hong Kong. He is also author of a new book about the media in China, “The Party Line: How the Media Dictates Public Opinion in Modern China.”