A Couple of Big Business Moves for China

Today the New York Times ran a pair of stories on Chinese businesses. Citic Securities of China today announced the investment of $1 billion into Bear Sterns. The American firm hopes that this move will help access the Chinese market, a place dominated by Goldman Sachs and Morgan Stanley.

PetroChina will begin to sell shares on the Shanghai Market. It is easy to see the investment potential of the fuel provider of one of fastest growing economies in the world with a rapidly expanding middle-class.