Magazine

China's Flurry of Deals


Recent overseas activity by Chinese companies

HUMMER

Sichuan Tengzhong, an obscure maker of construction equipment, made a surprise bid for the GM division, but some in Beijing oppose the deal.

IRAQ

CNPC has a deal with BP to boost production in the huge Rumaila field. Sinopec bought oil company Addax for $7 billion.

OPEL

Beijing Auto is nosing its way into talks with GM and the German government over control of GM's European division.

FISHER & PAYKEL

Appliance giant Haier is buying 20% of this New Zealand maker of refrigerators, washing machines, and more.

YPF

Sinopec is rumored to be seeking a stake in the big Argentine oil company, although YPF says it hasn't received an offer.

Data: Company reports, BusinessWeek


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