CT Johnson 's articles

Finance & Banking: Big 5;Chinese Banks; Reform; Corruption
Tell You the Truth: the Big 5 Chinese Banks Still Need West Investment. Here is Why
The fact that the Chinese government is using cross border investment as a means of improving the performance of the country's five largest banks speaks volumes about the direction of future economic reforms.
July 18th,2014
Money & Investing: WH IPO;Smithfield;Shuanghui; Wan Long
WH Foods IPO Debacle: A Sow's Ear Out Of A Silk Purse
The failure of the WH IPO shows that Chinese companies are still not ready for the world stage.
May 21st,2014
Economy:
Hu and Obama – Following the Poor Example of History
It would be a shame for the world's two greatest powers to follow the poor example of Emperor Qianlong and Lord Macartney and miss the advantages of cooperation and mutual benefit.
November 22nd,2009
M&A:
Tenzhong Comes to Terms on Hummer
October 12nd,2009
Energy: PetroChina, oil sands
PetroChina Oil Sands Deal Highlights US Insecurities
On August 31, state-owned oil behemoth PetroChina announced a deal to acquire a 60% share in the MacKay River and Dover oil sands projects from Athabasca Oil Sands Corp. for C$1.9 billion ($1.7 billion). The deal, China's largest investment to date in Alberta's oil sands, encompasses 5 billion barrels of undeveloped bitumen reserves and will require C$15 billion to C$20 billion to develop.
September 7th,2009
M&A:
Geely's Lonely Bid for Volvo
Whatever the risks to Geely, the Chinese car maker is on course to owning one of the world's most famous automotive brands. It only remains to be seen what Geely will make of it.
August 31st,2009
M&A:
China's Outbound Foreign Direct Investment - The Great Leap Outward
With four months left to go in the year, the list of Chinese outbound investments is likely to grow even further, revealing more about the ambitions of the Beijing government and China's business community.
August 25th,2009
M&A:
Yanzhou's Friendly Takeover of Felix
The friendliness of the transaction stands in marked contrast with the ongoing diplomatic tensions between China and Australia over four detained Rio Tinto employees.
August 17th,2009
Commodities:
China Casts Resource-Hungry Eye on Nickel Mines
Jinchuan Mining revealed plans to take a 51% interest in Zambia's Munali mine, while Jilin Jien Nickel Industry said that it had purchased a 14.7% stake in Canada's Victory Nickel.
August 10th,2009
Money & Investing:
CIC Swims Against the Tide
CIC's move is surprising because it stands in stark contrast to the actions of other sovereign wealth funds, and to those of other Chinese firms making investments abroad.
August 2nd,2009
M&A:
Sinochem Continues China's Aussie Share Grab
Credit Suisse downgraded its position on Nufarm from "neutral" to "underperform," describing the bid by China's biggest fertilizer maker as "half-baked."
July 30th,2009
Commodities:
Despite Problems, China Continues to Buy Australian
July 27th,2009
Commodities: Rio Spy,iron ore negotiation,
The Self-Defeating Rio Spy Case: A Bad Bargain
All of which is a bad bargain for China, for Australia and for the rest of the world.
July 16th,2009
M&A:
CNPC and CNOOC Battle Over Repsol's Argentine Operations
Reports of Joint Bid Surface
July 12nd,2009
Commodities: iron ore negotiation,CISA,china's stell
A Looming Panic for Iron Ore by China's Steelmakers
In what can only be seen as a tragedy for China's steel producers, the China Iron & Steel Association's (CISA) comedy of errors culminated on June 30 with the passing of the traditional June 30 deadline for reaching agreement on iron ore benchmark pricing. In the absence of a deal, Chinese steelmakers must now look to the volatile spot market for their supplies.
July 8th,2009
M&A:
CIC on Teck: the Commodities Buying Spree Continues
Many industry-watchers have compared the Chinalco-Rio break up to China National Offshore Oil Company's unsuccessful play for Unocal in 2005, which cooled the pace of Chinese overseas acquisitions for several years. This time around, no such slowdown has occurred.
July 6th,2009
M&A:
Rocky Road for Tenzhong-Hummer Deal
National Development and Reform Commission (NDRC) is likely to block the merger on the grounds that Tenzhong, a manufacturer of special-purpose construction machinery and infrastructure products, lacks the expertise to run Hummer. The NDRC is also unhappy about the poor fuel economy and high environmental impact of Hummer's gas-guzzling SUVs.
June 29th,2009
M&A:
Sinopec's Risk Taking Bid For Addax
The Addax acquisition is the latest in a string of major overseas purchases by Chinese companies.
June 26th,2009
Commodities:
Shanxi's Defection Highlights CISA's Ineffectiveness
With less than two weeks to go before the end of long-term contract negotiations, China's steel producers have begun seeking individual deals with the Australian and Brazilian mines.
June 23rd,2009
M&A:
China's Global Buying Spree - Risky Business
With so many high-profile deals on the table, many in both China and the West have questioned whether China has the marketing and management talent to make these acquisitions work. China's record on this topic is mixed.
June 19th,2009
M&A:
More Shots Fired in Chinalco-Rio Spat
In a surprise move, China's Ministry of Commerce announced that it has regulatory authority over the proposed iron ore joint venture between Australian miners Rio Tinto and BHP Billiton.
June 13rd,2009
M&A:
PetroChina, SinoPec and CNOOC Grab Oil Assets Ahead of Recovery
In the wake of the financial crisis, state oil companies have taken a leading role in M&A market with China's national petroleum corporations assuming a dominant position.
June 12nd,2009
M&A:
Minmetals Buys OZ
China's official news agency Xinhua, however, has been unrestrained in its criticism of Rio, labeling it "perfidious" and likening its actions to those of a "cheating" spouse.
June 12nd,2009
M&A:
Chinalco Drops the (Iron) Ball
Now, the great saga of China's effort to prevent an "conspiracy" of iron ore miners is virtually over.
June 6th,2009
M&A:
Tengzhong Buys American Car Icon Hummer
Despite its connection to military vehicle maker A.M. General, which supplies Humvees to the US armed forces, it does not appear likely that the sale will face opposition from the Committee for Foreign Investment in the US, which has jurisdiction over the sale of strategic US assets to foreign investors.
June 3rd,2009