12.08.2008 - Chinese state firms battling distrust abroad
From EEO.com: An alliance formed by five Chinese state-owned firms failed to win a long-expected deep-water port construction contract in Austrialia recently. Market observers said the latest failure echoed several previous attempts by Chinese firms to secure buyouts and projects abroad. It also highlighted the distrust facing companies affiliated to the Chinese government, which was eyed suspiciously by foreign ones... Full article: Source