| Earlier this week, Chinese construction equipment giant Sany Heavy Industry agreed to acquire German family-owned engineering firm Putzmeister for an undisclosed sum. That came hot on the heels of China Investment Corp, the country's $400-billion sovereign wealth fund set up in 2007 to invest some of China's huge foreign exchange stockpile, buying a stake in British utility Thames Water.
China Three Gorges in December beat competitors to a 21.35 percent stake in Energias de Portugal, paying 2.7 billion euros as Portugal sold assets to bolster state coffers..............................................Full Article: Source
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