Zhou Xin finds the picture of a giant test tube outside the European Commission building in Brussels a little unsettling.
SHANGHAI: China's largest steelmaker Baosteel Group may buy a stake in Australian iron ore miner Fortescue Metals Group Ltd to ensure stable raw materials supply.
Tianjin Binhai New Area is working on the detailed regulations for the country's first OTC (over-the-counter) market, with the threshold for companies seeking trade in the market set to be even lower than that for the Growth Enterprise Board, experts said at a financial forum in Tianjin yesterday.
An industrial investment fund will be established before the year's end to finance Caofeidian industrial area, Tangshan city government's secretary said.
CNOOC Ltd, China's biggest offshore oil producer, said overseas acquisitions won't be the main driver of future growth.
The World Bank said yesterday it has approved a plan to provide $440 million in loans to finance China's energy sector projects, accounting for about one-third of its budgeted 2008 lending to the country.
Hong Kong-listed Chinese automaker Dongfeng Motor Group Co's joint venture with Japan's Nissan Motor Co yesterday unveiled an ambitious plan to expand in the world's second biggest and fastest-growing vehicle market.
LG Electronics and China's Haier Group Corp are among the potential suitors for General Electric Co's century-old appliances division, said Jeffrey Immelt, CEO of the US company.
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