• CNBC: Is a Chinese construction firm benefiting from its Beijing connection?

    Posted by scapozzola on 05/23/2013

    China Construction America (CCA) is a wholly owned subsidiary of China Construction Engineering.  As CNBC reports, CCA's parent company is publicly traded on the Shanghai stock exchange.  But the majority of the shares are still owned by the Chinese government—"a holdover from the days when the government controlled every company."

    Does this give CCA a competitive advantage?

    Government-owned firms face wide distrust in the U.S. Critics suggest they are given special advantages from the country's leadership, or at a minimum, very cheap financing from the country's banks, which are also government-controlled.


     

Posted by scapozzola 05/22/2013

Chinese investment in the U.S. hit an all-time high of $6.5 billion in 2012, according to CNBC.

 

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