Oil and Beyond: China's Expanding Global Footprint ...Middle East

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Oil and Beyond: Chinas Expanding Global Footprint
source : OILPRICE ( Middle East ) () 85
When Chinese Xiaomi launched its first EV models last month, it sold more than 300,000 cars in a matter of three days. The electronics giant is eyeing international shipments in two years. Sinopec, meanwhile, is drilling for oil in Kazakhstan. The two are part of a growing trend: China is going global. There’s just not enough growth potential at home. This is what credit ratings major Moody’s said in a new report this week, noting that it expected the Chinese government to add fuel to the international expansion through financial support…

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