News Digest: Chinas International Makeover

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Following the EU-China Summit in Beijing, Tony Blair reported a dramatic, and positive, shift in Chinas positioning on the world stage. From the US perspective Henry Kissinger, the former Secretary of State, has rejected the China threat argument, and has focused on the increasingly important role that China has in international affairs.

In line with the Chinese governments new geopolitical positioning, Chinese companies are also making waves overseas. However, there is a temptation in some quarters to see this trend as part of a co-coordinated strategy to buy up resources (e.g. the failed CNOOC bid for Unocal) and get hold of industrial know-how (e.g. Nanjing Autos purchase of Rover, or Huaweis stalking of Marconi), but others suggest that this is far from the truth, and that the main challenges include improving transparency in ownership and protecting shareholder value in the long term.

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