Oil and Beyond: China's Expanding Global Footprint

When Chinese Xiaomi launched its first EV models last month, it sold more than 300,000 cars in a matter of three days. The electronics giant is eyeing international shipments in two years. Sinopec, meanwhile, is drilling for oil in Kazakhstan. The two are part of a growing trend: China is going global. There’s just not enough growth potential at home. This is what credit ratings major Moody’s said in a new report this week, noting that it expected the Chinese government to add fuel to the international expansion through financial support…