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China looking to snap up EU factories, railways
h/t Gates of ViennaChina is looking to buy EU factories and railways instead of wobbly government bonds as prices fall amid the eurozone crisis. Minister of commerce Chen Deming articulated the strategy at a business congress in China on Monday (28 November). "Next year, we will send a delegation for promoting trade and investment to the European countries ... Some European countries are facing a debt crisis and hope to convert their assets to cash and would like foreign capital to acquire their enterprises. We will be closely watching and pushing forward the process," he said. Posted by: g(r)omgoru 2011-11-29 |
| http://www.rantburg.com/poparticle.php?ID=334292 |