The China National Off-shore Oil Corporation (CNOO) has recently invest 2.2m US$ in South Atlantic Petroleum Ltd. This is only one instance in the overseas mergers and acquisitions spike by Chinese companies since 2004. Western management techniques and technological advances make foreign companies an attractive investment for China.
In the automotive sector, planning for new fuel vehicles is being done an international group of experts. The new fuel vehicles being considered are hybrid cars as well as those powered by electricity and hydrogen. However, before these plans can be realized, developers must overcome high research and development costs as well as buyer habits. Besides government programs which support automotive research, independent auto makers are also exploring new energy vehicles.
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