China Financial Daily

Department of Commerce: use everything in its power to safeguard the legitimate rights and interests of Chinese enterprises
Daily roundup Vice Minister of Commerce Fu Ziying tire in response to yesterday’s “special security case” that the tires “special security case” is the new U.S. government on China’s first “special protective case”, the “special security case” this is the lack of factual basis for the lack of legal basis.

Fu Ziying said that between 2004 and 2007, China’s tire exports to the United States probably has increased threefold. Over the same period, the U.S. tire manufacturer’s profit tripled, the Chinese tire exports to the United States the growth of the U.S. tire maker did not result in substantial harm. Now, because of the U.S. sub-loan crisis of the financial crisis, caused by the U.S. auto industry downturn, which affected the U.S. manufacturer of performance tires almost zero. The issue comes down to China’s tire exports to the United States, there is no factual basis for this lack of legal basis, in violation of WTO rules, is an act of trade protection. At the same time, China’s tire exports to the United States for tire dealers in the United States to create a large number of links in the flow of profits, and create many jobs. If the “special safeguard cases,” the final words to take restrictive measures, it also undermines the interests of Americans themselves.

Within six months of Chinese enterprises overseas mergers and acquisitions 6th ensure energy security
Dachs Sinopec oil company to acquire the thermal energy misjudgment, in making the acquisition of oil in the Spanish oil company YPF assets in Argentina, then ripped the pot people. In this regard, the majority of foreign media’s first reaction was: the Spaniards would be pleased, and the Chinese people should have taken the risk.

“Must be fooled.” “Financial Times” on the straight on the head with the opening sentence. Article Bifeng but steep turn, and that China’s oil prices are making a siege warfare, the possibility of being cheated are those Western companies.

Less than half the success of M & A madness 6

The day before yesterday, according to British media reports, China National Offshore Oil [9.31 -1.38%] Limited (CNOOC) and China National Petroleum [15.09 0.20%] Natural Gas Corporation (CNPC) are in the process of bidding for the Spanish giant oil company of Argentina business, the transaction size of about 17 billion U.S. dollars. Argentina, about 1 / 3 of oil and 1 / 4 of natural gas production by YPF.

Reported, including Sinopec to spend 7.2 billion U.S. dollars to buy companiesȰʿ??Dachs, China oil M & A success rate less than half the number of up to six. A French media said that China’s oil giants are working to ensure that oil supply to meet the needs of rapid economic development.

Foreign media analysis of “a long line to catch big fish”

Although each acquisition are attracted boos 1, but there are also a lot of media analysis, China’s oil prices are “a long line to catch big fish.”

A British media said on June 30, in the oil and the United King-BP had Rumaila oil fields in Iraq, despite earning only two U.S. dollars a barrel, but the future will lay a solid foundation for expanding cooperation. “Although not much money but still worth it.” Yin Gang expert says Chinese Academy of Social Sciences.

Media also have concerns about the outcome of the bid, a British media pointed out that in the future, China and Western companies are likely to be in direct competition to start. A U.S. media that the current international energy M & A fever is the main mineral resources are aware of the importance of the strategic reserve.

Currently, the United States for its own oil resources is “not mining exploration only,” all rely on imports. Japan and South Korea through the development of related laws and regulations for private oil companies under an obligation to oil reserves.

Interpretation of mergers and acquisitions experts will ensure energy security

China’s energy-lin, director of the Center for Economic Research a few days ago that mergers and acquisitions of Chinese enterprises overseas oil assets frequently is “time to.” He concluded that the recent low international oil prices, this is a good time. And China now have a more adequate funding reserves with the purchase of power.

China Petroleum University, Associate Dean of the School of Business Administration also said Dong Xiucheng, frequent overseas mergers and acquisitions account not just the economy, but also for the protection of national energy security. He said, “Only from the upper reaches have more energy, international energy prices in order to resist the rapid fluctuations in domestic energy prices to stabilize.”

Cross-border mergers and acquisitions: an inevitable choice for Chinese enterprises
April 2, Lenovo Group [2.99 -1.65%] in Beijing issued a new consumer business strategy. Flashing lights, music and the dynamic model makes this conference distributed fashion with a strong international flavor. Lenovo Group in the high-profile acquisition of IBM’s personal computer business 4 years after the re-charge of the helm, CEO of Lenovo Group Yang Yuanqing standing stage a press conference when, as a pop star. However, the dazzling light Lenovo can not cover up in today’s highly competitive PC market is facing difficulties.

Lenovo Group the third quarter of last year’s net loss of 97 million U.S. dollars. The beginning of this year, in order to reverse the situation, the founder of Lenovo Group, had long served as the Chairman of the Board of Directors decided to return Liu. January 8, Lenovo Group announced global restructuring plan, and hope that in the next fiscal year 300 million U.S. dollars to save expenses. However, Lenovo Group, the consumer electronics market with fierce competition from the ever-changing tastes of consumers, the global economic recession of the macro-environment, as well as the challenges of managing a multi-national corporations, are the formidable challenges it faces.