Dialing Into China's GrowthBy
What small company in the West has swayed both the communist People's Republic of China and Germany's Deutsche Bank to take a stake in it? Answer: Canadian-based MTC Electronic Technologies, which has signed several joint ventures with the Chinese government to build and operate a cellular telephone network and a fax-machine factory in Shanghai, China's second-largest city. Deutsche Bank bought a 12% stake in MTC in a private placement that raised $14 million for MTC. China paid $18 million for its 12% stake.
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