Wednesday, June 10, 2009

China: Cash Is King, Picking Up Cheap Assets

Last week Government Motors announced that Sichuan Tengzhong Heavy Industrial Machinery had executed an initial agreement to purchase Hummer.

Why on earth would they want it ?

Chinese companies are interested in gobbling up bargain overseas assets, with vision of global expansion.

More here Whole World of Bargain from Shanghai Daily

Related Post:

Rep. Mark Kirk, R-IL China Investing Away From The Dollar