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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Taikun who wrote (53893)10/1/2004 10:26:06 PM
From: RealMuLan  Read Replies (1) of 74559
 
Yeah, it's official. From XinHua News Agency.

China announces huge investments in Canada

www.chinaview.cn 2004-09-29 16:08:30

BEIJING, Sept. 29 (Xinhuanet) -- The Chinese firm, Minmetals, owned by the Chinese government, has taken over the biggest mining company in Canada, Noranda Mining.

Minmetals paid about 5.7 billion US dollars for Noranda Mining, reported China Radio International.

Another Chinese state-owned oil company Sinopec is in talks to acquire a large lease of oil bearing land in Canada, an investment that could total several billion dollars.


(CRIENGLISH.com)

news.xinhuanet.com

How come the US gave a greenlight<g>
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