Taiyuan Heavy Industry Co Ltd (Taizhong) began life in 1950 as the first producer of heavy equipment in the infancy of the People's Republic of China.
Taizhong, along with many other State-owned enterprises, has its own workers' residences, which have fostered a company culture over more than a half-century.
Europeans still remain nervous about the Chinese taking over their companies, according to a senior European business figure in China.
China's privately owned companies are following their State-owned and sovereign wealth fund counterparts in overseas direct investment in Europe.
Recent figures show that Chinese overseas direct investment, which is made by Chinese companies in other countries, rose considerably last year and is projected to catch up and eventually overtake the amount of foreign direct investment, the amount foreign companies invest in Chinese companies.
Chinese officials have been expecting overseas direct investment to exceed foreign direct investment for several years. Given past trends and new government policies, the biggest question is not if it will happen, but when.
Chengdu, the laidback home of the equally laidback giant pandas, is reaching out to the world, and the world is taking notice.
Thirty years ago, Liu Daiwen helped build roads, railways and bridges around China. Now he builds infrastructure in Africa.
China has been a loud and persistent proponent of innovation in the past 10 years or so, its leaders often declaring how important it is and saying it should be one of the main driving forces of economic reform and development.
|
|
|
|
|
|
|
|
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
Liu Shinan
