中文简体 | 中文繁体 | Партнеры | 日本語 | 한글
your position :English > News  content
China's commerce ministry urges caution in overseas deals
http://english.dbw.cn銆€銆€ 2009-06-16 12:56:23
 
-Commendatory News-
Earth Hour Copenhagen held to raise awareness of climate change
Wing-body fairing made in Harbin flew for the first time with Boeing 787
Hundred-year landmark building in Shanghai renovated to greet Expo
The 6th Lanxi Linen Product Order was opened
Official alarms rapid cultural sites missing
    China's Ministry of Commerce (MOC) said Monday that the tentative deal for a Chinese company to buy the Hummer vehicle brand was a "normal business operation," but it also noted that Chinese enterprises should invest cautiously.

    "Chinese enterprises have growing international scope despite the global financial crisis. Sichuan Tengzhong Heavy Industrial Machinery Company's plan to buy Hummer is a normal business operation," said Yao Jian, spokesman of the ministry at a news briefing.

    He said enterprises should enjoy all the benefits of their investment while assuming the losses, if any.

    On June 2, the Chinese company reached tentative agreement with U.S. automaker General Motors Corp., a day after it filed for Chapter 11 bankruptcy, to buy Hummer.

    GM did not reveal the sale price, although in its bankruptcy filing, GM said the brand was worth some 500 million U.S. dollars.

    Yao noted that under Chinese law, local companies should get government approval before making investments of more than 100 million U.S. dollars overseas. So far, the ministry had not received an application, he said.

    The deal has drawn questions in China.

    "The purchase of the gas-guzzling Hummer brand is against China's economic situation and the country's development," Lu Zhongyuan, vice director of the Development Research Center of the State Council (Cabinet), said at an industry forum on June 9.

Author锛? 銆€銆€銆€Source锛? xinhua 銆€銆€銆€ Editor锛? Yang Fan
Photos锛?
Related Stories锛?
Chinese commerce minister calls for stronger Sino-U.S. trade ties
Commerce minister: Disapproval of Coca Cola-Huiyuan deal doesn't signal change in China's investment policy
Ministry of Commerce delegated the right of approval of foreign investment again
Commerce minister: Central gov't working to help Hong Kong expand mainland market
Functional Information锛?
Tourist products presented in SW China's Guizhou
HAFEI Unveils Its Electric Car Model
Bio-tech Park Jointly Built by Government and University
Harbin Prepares for Winter Trade Fair
Cell-phone Long Distance Fees to Fall in January
 
Latest News
HLJTV English News 18/12
Rub Elbows 浜ら檯
璐瘜宸窛鎬庝箞璇?/a>
China Ice Sculpture Art Festival in Berlin
'Army Painter' marshals forces of modern calligraphy
Feature: First complete Christmas like a fully decorated tree
Intoxicating view of Shangri-la
Pandas to be seen at Shanghai Expo
Colorful globes in Copenhagen
Earth Hour Copenhagen held to raise awareness of climate change
Culture
     Blue printed cloth is a kind of civil society has been widely popular
     Dancers perform in the Song and Dance Pageant on Affection
China Ice Sculpture Art Festival in Berlin
'Army Painter' marshals forces of modern calligraphy
Feature: First complete Christmas like a fully decorated tree
Tibean Epic Poem Belongs to All Mankind
Poetic snapshots combine words and photographic images
Cuisine
Weight Loss, More than Just Fashion
Celebrities
Ma Yun
Wang Zhizhen
Chen Zongxing
Copyright © 2001-2011 DBW.CN All Rights Reserved.