Monday , March 27 2017

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Beijing tries to reassure foreign companies over industry plan

China tries to reassure foreign companies over industry plan copy

  BEIJING/ AP China’s industry minister defended a manufacturing development plan and rejected complaints foreign makers of electric cars and other goods might be pressured to hand over technology or forced out of promising markets. Miao Wei, minister of industry and information technology, tried to reassure foreign companies that the ...

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‘India companies won’t invest anytime soon’

  Bloomberg Indian companies probably won’t invest in additional capacity for at least another year as the private sector struggles with sluggish domestic demand and growing protectionism overseas, according to the nation’s largest engineering firm. “The private sector has excess capacity and markets have shrunk as compared to their plan ...

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Gas firms locked in legal spats as $200 billion spree sours

FILE PHOTO -  A Chevron gas station sign is seen in Del Mar, California, in this April 25, 2013 file photo. REUTERS/Mike Blake/File Photo

  Bloomberg After splurging $200 billion building the world’s biggest gas export plants, producers in Australia are now locked in legal battles with contractors over who should shoulder billions of dollars in liabilities sparked by delays and cost blow-outs. Chevron Corp., owner of the $54 billion Gorgon facility, Australia’s largest ...

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