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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 603 |
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TV-component maker Beijing Orient Electronics Group Co. wants to buy Hyundai Display Technology Inc., which makes liquid crystal displays, to boost domestic sales. China's biggest overseas investments by far have been in natural resources, with surging demand in China forcing Beijing to invest in oil and mining outside its borders...
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In June, Baosteel paid $30 million for a 46% stake in an Australian iron ore mining joint venture with Rio Tinto PLC's Hamersley Iron unit. And Chinese smelter Jiangxi Copper Co. is looking at deals in the Philippines and Chile. "If we want to become stronger, we have to look overseas," says Jiangxi spokesman Huang Dongfeng...
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