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| Europe |
| China looking to snap up EU factories, railways |
| 2011-11-29 |
| h/t Gates of Vienna China 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 |
| #11 Yeah, they could do that... but... I have a bunch of bearings on my desk, that were made in China. They were made in a factory China bought lock stock and barrel in Japan and shipped to China. The boxes even have "Made in Japan" printed on them, above the "Made in China" sticker glued on below. They probably don't have to do it, but... they've done it before. |
| Posted by: Thing From Snowy Mountain 2011-11-29 18:11 |
| #10 China doesn't need to dismantle anything. From the industries they will look to reverse engineer / take home intellectual property and manufacturing processes. |
| Posted by: lotp 2011-11-29 16:19 |
| #9 Wonder if the Chinese are interested in Euro internet start ups? Not |
| Posted by: Eohippus Phater7165 2011-11-29 15:27 |
| #8 ..now just guessing, it is indeed a good opportunity to loot technology and large industrial equipment stocks avoiding 'start up costs' back home. Sort of like corporate raiders stripping a buy of its non-essential assets and turning around and trading the core elements that had value. |
| Posted by: Procopius2k 2011-11-29 14:44 |
| #7 If you HAVE to, you can always dismantle it, and haul it away. I'm sure China is hurting for Railroads. |
| Posted by: Redneck Jim 2011-11-29 13:21 |
| #6 ...I'm not sure the Chinese are interesting in obtaining 'industries' that have heavy doses of employee entitlements that don't directly contribute to productivity and often act counter to productivity. They seem to put stock in the old adage 'he who will not work will not eat'. |
| Posted by: Procopius2k 2011-11-29 10:59 |
| #5 Fire sale prices. Looks like barter. So if they have hyperinflation, China is sitting pretty. Value of EU factories, railways, resources go up and the money value given goes down. |
| Posted by: Dale 2011-11-29 10:01 |
| #4 Anonymoose Until you actually need inward investment and Juche just doesn't cut it. |
| Posted by: Bright Pebbles 2011-11-29 09:46 |
| #3 Playing Monopoly for real, apparently. Are they buying Boardwalk or Baltic Ave.? |
| Posted by: Spot 2011-11-29 08:04 |
| #2 Always a risk. The US has long had a proud reputation of ripping off foreigners who tried to speculate here. One favorite tale on the subject was when the English tried to speculate in a US longhorn drive, even sending a Scottish accountant to Texas to ride with the cowboys. When they left Texas they had a huge herd, but by the time they reached KC, there was nary a longhorn to see for miles around. |
| Posted by: Anonymoose 2011-11-29 07:28 |
| #1 Makes sense, Hard Currency where the currency isn't. |
| Posted by: Redneck Jim 2011-11-29 06:44 |