TITLE

A China That Can Say "No"

AUTHOR(S)
Flannery, Russell
PUB. DATE
September 2006
SOURCE
Forbes Asia;9/18/2006, Vol. 2 Issue 15, p96
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
22512886

 

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