and to build a pipeline into China:
But private Chinese firms are also taking advantage of the crisis in other sectors: Diesel-engine giant Weichai Power is expected to buy a French plant that US automaker General Motors is selling off in its struggle to survive.Ford/CSM/Yahoo 23.feb.09
Though the Chinese economy has also been hit by the crisis, cutting growth by almost half, "what sets China apart is that Chinese banks have not been so badly hurt, and the policy banks still seem ready to lend" in support of key government objectives, says Erika Downs, a China energy specialist at the Brookings Institution in Washington.
