XIANG WENBO IS ON THE warpath. He's angry at the number of Chinese companies falling into foreign hands, and he's using the bully pulpit of the Internet to share his opinions with the rest of China. "We are selling our signature enterprises to foreigners," Xiang wrote on his blog on June 23. "Are we losing our minds?" Xiang, it must be said, isn't exactly a disinterested observer. His primary beef is a proposed 375 million dollars deal to sell 85 percent of ailing Xugong Construction Machinery Group Co., China's largest maker of cranes, to Carlyle Group, the well-connected Washington private-equity firm. Xiang is executive president of Sany Group, China's biggest private manufacturer of construction equipment and a rival bidder for Xugong. "In the past we hoped we would get advanced technology from foreign companies, but this never happened," Xiang said in an interview at Sany's headquarters in the steamy southern city of Changsha.
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