In its 11th Five Year Plan, China has prioritized the development of alternative and clean energy, and overseas investors and multinational corporations are paying attention.

Sany Corp, set to become the first mainland machinery maker to assemble gear in the United States, wants to triple export sales next year and net profit by 2010, taking on Caterpillar and other US rivals on their home turf, The Standard reported.

Foreign investors target acquisitions at domestic construction machinery and electrical appliance companies to penetrate into Chinese market, Sohu News reported.

Caterpillar Inc. (CAT) has inked an agreement to build a 350,000-square-foot wheel loader manufacturing facility in Suzhou China, the latest step in the equipment maker's efforts to tap into growing demand in Asia, MarketWatch reported.

The new government regulation on forbidding office usage of residential building is a double-edged sword that may not be helpful in curbing property prices, Economic Information daily reported.