Manufacturing giant Caterpillar has received approval to acquire a Chinese mining equipment maker in an $8.8 billion deal.The Peoria-based company said Friday that it had cleared the final major regulatory hurdle necessary to close the deal: approval from the Chinese government.
Despite the politics of strategic partnership, the U.S. and China sometimes seem to inhabit two different planets. In the new comedy Chinglish, Tony-Award-winning Chinese-American playwright David Henry Hwang shares a story of absurd cultural misunderstanding between these nations.
This week we’re taking a look at nuclear energy around the globe. Today we focus on China. According to the World Nuclear Association, mainland China has 13 nuclear power reactors in operation and at least 25 more are currently under construction. And that is just the beginning.
For American companies in search of new opportunities and greater profits all roads seem to lead to China. Recently, one of the largest solar panel producers in the United States announced it will shift its manufacturing operations to China and lay off hundreds of workers in the United States.
While city and business leaders will roll out the red carpet for Chinese President Hu Jintao for his arrival this afternoon, others are mounting a less welcoming reception. Protesters from the ranks of democracy and human rights activists, adherents to the banned Falun Gong religion, and
After a stop in Washington, D.C., Hu Jintao heads to Chicago as part of his presidential visit. Hu is planning on meeting Mayor Daley and local business leaders today. For those playing along, here’s a quick primer on the Chinese leader.1. Hu is a Sagittarius with a Gemini rising.