CHINA: CNPC, PetroChina Expand Refining Capacity Abroad As Government Seeks To Invest Forex Reserves

摘要

China's investment appetite is diversifying quickly beyond natural resources like oil, gas, metals and minerals in other countries. The government is starting to deploy some of its massive US$2,132 trillion foreign exchange reserves to buy up stakes in man-made assets like oil refineries, storage facilities and pipelines.