China's Hot Spots
State-owned China National Petroleum is expected to tap international stock markets to finance oil exploration in this desert area.
The city of Chongqing is forming a company out of an array of government-owned businesses. It plans to seek a Hong Kong listing for the conglomerate's shares.
Foreigners are pouring billions of dollars into modernizing this port city. Big investors include New World Development and Motorola.
China's four biggest state-owned banks may need to raise $30 billion to recapitalize themselves. China National Aviation, which already owns a stake in Hong Kong's Dragon Air, is raising $100 million in a Hong Kong stock listing.
More than $30 billion in government and private money is being used to develop
the Pudong district as a financial center and high-tech manufacturing base for multinationals.
The Shenzhen stock exchange plans a big boost in market capitalization. China Telecom plans a $2 billion share offering to expand a cellular-phone network in the Province.
The Three Gorges dam, a $24 billion project to ease flooding on the Yangtze River, is to be completed by 2009. It will provide hydropower and improve marine transportation.
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