To be sure, the telecom equipment manufacturer has been having a rough year, suffering through an accounting scandal, as well as civil and criminal investigations by both American and Canadian officials.

FORBES: Nortel: Nowhere To Go But Up

After several days of defiance, Chinese telecom equipment manufacturer Huawei announced Monday that it would abide a recommendation from the Committee on Foreign Investment in the United States (CFIUS) that it divest of U.S. technology company 3-Leaf.

FORBES: Despite Huawei's Experience, America is Increasingly Open to Chinese Investment

So far 28 companies, including telecom equipment makers ZTE and Huawei and bus manufacturer Xiamen King Long Automotive, have signed up for the Ruba-Haier industrial park.

FORBES: China's Khyber Pass