Sinopec failed to acquire China Gas Holdings, yet it might be better off that way. Here’s why. Sinopec’s recent failure to acquire China Gas Holdings has attracted much attention as the first hostile takeover attempt in Chinese history–even more so because the much smaller China Gas thwarted the efforts of the much larger Sinopec. The failure also […]
China’s globalization efforts move full steam ahead
While throngs of Chinese shoppers are buying up Louis Vuitton bags, iPhones and Rolex watches as fast as they can get their hands on them, more Chinese firms abundant with capital are also rapidly buying foreign companies amid the stagnating US and European economies. This trend shows no signs of slowing down. State-controlled energy giants […]
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