Sept 2 (Reuters) - China feels aggrieved when its firms are blocked from buying or investing into foreign counterparts, while the West is likewise miffed when its bids for Chinese companies go astray. [ID:nPEK46626]
Here is a list of some companies that have come unstuck doing business in China, and of Chinese companies which have run into walls when trying to expand overseas:
CNOOC/Unocal
- In 2005 a bid by offshore oil specialist CNOOC <0883.HK>
Coca-Cola/Huiyuan
- This March, China rejected Coca-Cola's
Chinalco/Rio Tinto
- China's state-owned metals conglomerate Chinalco suffered a
major setback in June when Rio Tinto
Rio Tinto
- Last month, Chinese prosecutors formally arrested four Rio Tinto employees on suspicion of violating commercial secrets and taking bribes.
Sinopec
- In June, Sinopec Group's plan to boost production at its
largest overseas oilfield, Russia's Udmurtneft, was rebuffed by
partner Rosneft
Zambia
- In 2005, a riot by miners at the Chinese-owned Chambishi mine in Zambia's restive Copperbelt province left five Zambians wounded after they were shot by Chinese managers, following pay protests.
Zambian trade unions accused Chinese firms of paying low wages and maintaining poor safety standards, but the Zambian government says the Chinese have taken measures to improve both wages and safety standards. (Writing by Ben Blanchard; Editing by Benjamin Kang Lim and Ken Wills)