In These New Times

A new paradigm for a post-imperial world

Posts Tagged ‘The emerging East’

Chinese Automakers may buy GM and Chrysler

Posted by seumasach on November 20, 2008

 

Bertel Schmitt

Agoracosmopolitan

20th November, 2008

Chinese carmakers SAIC and Dongfeng have plans to acquire GM and Chrysler, China’s 21st Century Business Herald reports. LINK A National Enquirerthe paper is not. It is one of China’s leading business newspapers, with a daily readership over three million]. This newspaper cites a senior official of China’s Ministry of Industry and Information Technology– the state regulator of China’s auto industry– who dropped the hint that “the auto manufacturing giants in China, such as Shanghai Automotive Industry Corporation (SAIC) and Dongfeng Motor Corporation, have the capability and intention to buy some assets of the two crisis-plagued American automakers.” These hints are very often followed with quick action in the Middle Kingdom. The hints were dropped just a few days after the same Chinese government gave its auto makers the go-ahead to invest abroad. And why would they do that?

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Conversations With History – Kishore Mahbubani

Posted by seumasach on September 3, 2008

With masterful tact and diplomacy Kishore Mahbubani, author of The Rise of Asia and the Decline of the West, helps us to see ourselves as we are and overcome our ignorance of the East.

Posted in Multipolar world | Tagged: , | Leave a Comment »

 
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