Friday, October 19, 2012

Ralls lawsuit against Obama a 'lesson' for China investors





A lawsuit by Chinese-linked Ralls Corp against US President Barack Obama, Treasury Secretary Timothy Geithner and the Committee on Foreign Investment in the United States (CFIUS) has been called a lesson for mainland companies expanding overseas.


Ralls, of which mainland construction machinery maker Sany is an affiliate, has been ordered to divest its interest in four windfarms in the US state of Oregon amid national security concerns.









via Business feed http://www.scmp.com/business/money/markets-investing/article/1064444/ralls-lawsuit-against-obama-lesson-china-investors

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