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*>> Li says.The company is also expanding its product line to include wind power and coal chemical equipment, as Xinjiang is rich in both resources.Sany has secured a wind power project in Dabancheng, 86 km south of Urumqi. The company plans to invest 45 billion yuan in coal chemical and setting up a world-class coal chemical research institute.The influx of car, truck and machinery companies has also boosted business for local suppliers. Xinjiang Bayi Iron & Steel Co Ltd is one that has quickly felt the benefit.Stretching over 18 sq km, Bayi is the earliest heavy industry project in Xinjiang. Although the steel indus
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*>>in systems."It's a very good acquisition," Kwan said. "It's only $400 million but allows AVIC to acquire a top-notch-operation company with penetration to all major automakers, and at the same time help bring them back to China."He described the Nexteer deal as a classic example of a Chinese State-owned enterprise making a significant US acquisition to strengthen its market position domestically.Wanxiang Group, an auto-parts manufacturer that started investing in the US in the early 1990s, is another success story, according to Kwan. After multiple acquisitions of distressed auto-parts companies, Wanxiang now generates
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*>> US Purchasing Managers Index (PMI) fell from 55.3 percent in June to 50.9 percent in July."Many US firms are facing financial difficulties due to the turbulent financial market in the US and that has affected their investment in overseas markets, including China," said Li Zhongmin, an investment researcher with the Chinese Academy of Social Sciences.But the discouraging prospects for economic recovery in the US and Europe will make the growing Chinese market more appealing to investors from those areas, he said.(Source: China Daily)BEIJING, Feb. 11 () -- China's new yuan-denominated lending in January stood at 1.39 tr
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