{"id":3990,"date":"2013-01-19T20:27:03","date_gmt":"2013-01-19T19:27:03","guid":{"rendered":"http:\/\/www.w-t-w.org\/en\/?p=3990"},"modified":"2013-06-30T16:19:03","modified_gmt":"2013-06-30T14:19:03","slug":"the-dangers-in-doing-business-in-china","status":"publish","type":"post","link":"https:\/\/www.w-t-w.org\/en\/the-dangers-in-doing-business-in-china\/","title":{"rendered":"The Dangers in Doing Business in China"},"content":{"rendered":"<p>Caterpillar has just written off $580 million after acquisition of Chinese company turns sour. \u00a0In a statement, Caterpillar said an ongoing investigation launched after the deal closed \u201cdetermined several Siwei senior managers engaged in deliberate misconduct beginning several years prior to Caterpillar\u2019s acquisition of Siwei.\u201d \u00a0Philip Anshutz, the mega US billionaire, has pulled out of ownership of stadiums in China because he could not get his profits out of the country. \u00a0Buyers beware. \u00a0<a href=\"http:\/\/www.theglobeandmail.com\/report-on-business\/international-business\/us-business\/caterpillar-writes-off-580-million-on-china-deal-after-fraud\/article7549678\/\" target=\"_blank\">Article<\/a><\/p>\n<p><a href=\"http:\/\/www.theglobeandmail.com\/report-on-business\/international-business\/us-business\/caterpillar-writes-off-580-million-on-china-deal-after-fraud\/article7549678\/\" target=\"_blank\" rel=\"attachment wp-att-3991\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-3991\" alt=\"caterpillar jpeg\" src=\"http:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2013\/01\/caterpillar-jpeg-292x300.jpg\" width=\"292\" height=\"300\" srcset=\"https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2013\/01\/caterpillar-jpeg-292x300.jpg 292w, https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2013\/01\/caterpillar-jpeg.jpg 371w\" sizes=\"auto, (max-width: 292px) 100vw, 292px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Caterpillar has just written off $580 million after acquisition of Chinese company turns sour. \u00a0In a statement, Caterpillar said an ongoing investigation launched after the deal closed \u201cdetermined several Siwei senior managers engaged in deliberate misconduct beginning several years prior &hellip; <a href=\"https:\/\/www.w-t-w.org\/en\/the-dangers-in-doing-business-in-china\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[23,13],"tags":[],"class_list":["post-3990","post","type-post","status-publish","format-standard","hentry","category-entrepreneurs","category-finance"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.10 - aioseo.com -->\n\t<meta name=\"description\" content=\"Caterpillar has just written off $580 million after acquisition of Chinese company turns sour. In a statement, Caterpillar said an ongoing investigation launched after the deal closed \u201cdetermined several Siwei senior managers engaged in deliberate misconduct beginning several years prior to Caterpillar\u2019s acquisition of Siwei.\u201d Philip Anshutz, the mega US billionaire, has pulled out of\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"Susan_Hall\"\/>\n\t<link rel=\"canonical\" href=\"https:\/\/www.w-t-w.org\/en\/the-dangers-in-doing-business-in-china\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 4.9.10\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"W-T-W.org - Women and Finance\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"The Dangers in Doing Business in China - W-T-W.org\" \/>\n\t\t<meta property=\"og:description\" content=\"Caterpillar has just written off $580 million after acquisition of Chinese company turns sour. In a statement, Caterpillar said an ongoing investigation launched after the deal closed \u201cdetermined several Siwei senior managers engaged in deliberate misconduct beginning several years prior to Caterpillar\u2019s acquisition of Siwei.\u201d Philip Anshutz, the mega US billionaire, has pulled out of\" \/>\n\t\t<meta property=\"og:url\" content=\"https:\/\/www.w-t-w.org\/en\/the-dangers-in-doing-business-in-china\/\" \/>\n\t\t<meta property=\"article:published_time\" content=\"2013-01-19T19:27:03+00:00\" \/>\n\t\t<meta property=\"article:modified_time\" content=\"2013-06-30T14:19:03+00:00\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n\t\t<meta name=\"twitter:title\" content=\"The Dangers in Doing Business in China - W-T-W.org\" \/>\n\t\t<meta name=\"twitter:description\" content=\"Caterpillar has just written off $580 million after acquisition of Chinese company turns sour. 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