Chinese Government Gives 6 Foreign Companies a Helping Hand
March 15, 2013
"It looks like China wants to attract more business from multinational giants.
The government just gave six foreign firms the right to move more capital across Chinese borders, according to a Reuters report. Western companies have invested billions of dollars in Chinese facilities because the local economy's expansion is seen as a massive growth-driver. But the Chinese government has placed strict limits on what you can do with profits gained in the country, which leaves a lot of money locked up in Chinese bank accounts...:
full article at motley fool. alatel is one of the six. one wonders how much cash alu may have stashed in china that will now be accessible for use elsewhere...