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Opinion: why China’s global asset-grab is win-win
December 02, 2009
The desire of cash-rich Chinese firms to buy or tie up with international companies with brand power should benefit both sides. Crucially, it is also likely to speed up the evolution of China’s financial markets.
As recent weeks have shown, China’s international asset-grab is rapidly expanding from the resources sector. It’s beginning with automobiles.
The country’s privately owned company Geely looks set to get its hands on Ford Motor’s ailing Swedish unit Volvo...
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