- China Business Blog - http://www.chinabusinessservices.com -

China Telecom Calling for Foreign Investors

While China rallies the troops to protect the family silver (as in the Xugong / Carlyle and other cases [1]), a report in Forbes (referring to The Standard) indicates that China Telecom may be close to selling a stake to “strategic foreign investors”.

Maybe China Telecom has been impressed by the money (and technology and expertise) taken in by China’s big banks, and would like some of the same. However, others on the China side may oppose still more sales of “strategic” assets to “malicious” foreign investors [2].

See news source: