Market Watch
2008-11-21HUYUE
Beijing Review 2008年35期
HU YUE
TO THE POINT: Foreign investment banks are increasingly looking to China's vibrant merger and acquisition deals. To cope with do-mestic headaches such as power shortages and soaring international iron ore prices, the Chinese Government raised the on-grid coal-fired power prices and coke export tariff rates. Recent vehicle tax rate hikes may not be instrumental in depressing the sales of large-capac-ity cars. China Unicom is gearing up to challenge the dominance of China Mobile by pumping huge investments into developing a 3G net-work.