Chinese media reported recently that the State Council would come out with new regulations in the next year exercising tighter control over the bidding activities of Chinese state-owned enterprises (SOEs) overseas. China’s government is apparently concerned about the way SOEs flush with cash have competed in bids for overseas assets, dramatically driving up their bidding price and the risk of investments. In this cartoon, posted by artist Xu Jun (徐骏) to his QQ blog, bidders from two Chinese state-owned enterprises whip one another into a bidding frenzy over overseas assets that are held deviously over their heads by a foreign seller who leads them on with an amused smile