There are more signs that China's oil and gas sector, traditionally dominated by the State-owned companies, will be more open to private capital following China Petrochemical Corp's announcement last week that it will open up 30 percent of its retail business sector.
In the fast-moving business world, nothing is guaranteed but change: change is in the market, in customer preference and technology.
Taiyuan Heavy Industry Co Ltd (Taizhong) began life in 1950 as the first producer of heavy equipment in the infancy of the People's Republic of China.
Taizhong, along with many other State-owned enterprises, has its own workers' residences, which have fostered a company culture over more than a half-century.
Europeans still remain nervous about the Chinese taking over their companies, according to a senior European business figure in China.
China's privately owned companies are following their State-owned and sovereign wealth fund counterparts in overseas direct investment in Europe.
Recent figures show that Chinese overseas direct investment, which is made by Chinese companies in other countries, rose considerably last year and is projected to catch up and eventually overtake the amount of foreign direct investment, the amount foreign companies invest in Chinese companies.
Chinese officials have been expecting overseas direct investment to exceed foreign direct investment for several years. Given past trends and new government policies, the biggest question is not if it will happen, but when.
Chengdu, the laidback home of the equally laidback giant pandas, is reaching out to the world, and the world is taking notice.
Thirty years ago, Liu Daiwen helped build roads, railways and bridges around China. Now he builds infrastructure in Africa.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
