Sinovel shuts
down 4 international units
China's largest wind
turbine manufacturer, Sinovel Wind Group Co, announced that it will soon close
four of its international subsidiaries located in the US, Belgium, Italy, and
Canada for a still undisclosed reason. Sinovel made the announcement in a
filing with the Shanghai Stock Exchange. The company is set to issue an
official statement to the press soon.
China, the world’s 2nd largest
economy, continues to be the most important market for companies looking
for growth and Chinese companies continue to globalize by investing and selling
their products in new markets; what is your company’s strategy for
engaging China?
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Trading futures and options involves the risk of loss. You should consider carefully whether futures or options are appropriate to your financial situation. You must review the customer account agreement and risk disclosure prior to establishing an account. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. Past results are not necessarily indicative of futures results. The risk of loss in trading futures or options can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.
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