Additional news on China business was the trend setting purchase of Millicom by China Mobile for $5.5 BN. Millicom focuses on LDC cellular telecom and has operations in 16 countries with 10MM subs. Many think Chinese will follow in the footsteps of Japanese and Korean businesses in setting their business model. It is clear that Chinese businesses have their own mind and are creating their own path. Follow it closely. They (as well as the Indian entrepreneurs and business leaders) are quite willing to take risks to shake up their companies and industries--witness Lenovo and IBM. The purchase of Millicom is based on different circumstances, but again shows that they are quite willing to use M&A as a tool to accelerate their development.