China Industry
China is a developing country that really makes a different in their industry. Even with a lot of population in their country than does not make China is not develop. China has Industrial and commercial bank of china that take care China’s industry financially. Industrial and Commercial Bank of China (ICBC) is the most profitable banks in the world. It plans to acquire 70% stake in AXA-Minmetals Assurance Co. AXA-Minmetals Assurance is a joint venture company that have business whose shares are owned by AXA SA of France and China Minmetals origin, iron and steel company’s biggest seller in China. From the source Shanghai Securities News that quoted by Bloomberg said that ICBC has included the acquisition proposal to the regulator of China for approval.