A China That Can Say "No"

Flannery, Russell
September 2006
Forbes Asia;9/18/2006, Vol. 2 Issue 15, p96
The article discusses issues concerning the plan of Carlyle Group to purchase Xugong Group Construction Machinery in China in 2006. Sany Heavy Industry plans to block the purchase of government-owned domestic rival, Xugong Group. Liang Wengen, chairman Sany Heavy Industry, criticizes the government system for selling shares of Xugong. He accuses authorities of selling state assets to foreigners too cheaply.


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