Market Watch
2008-12-02HUYUE
Beijing Review 2008年48期
HU YUE
TO THE POINT: China continued buying U.S. treasury bonds inSeptember and overtook Japan as the largest holder of U.S. gov-ernment debt. Bank of America plans to increase its stake in China Construction Bank amid a bright outlook for China's banking industry.The prolonged takeover talks to rescue engulfed baby formula mak-er Sanlu are yielding fresh results as the company's seven affiliated plants were sold to Beijing-based Sanyuan Group.