China's privately owned automaker Zhejiang Geely Holding Group Co is reported to have submitted a bid to take a controlling interest in Manganese Bronze Holdings PLC, the maker of London's iconic black cabs, which fell into administration in late October.
Geely, which made its name in the Western market by purchasing Swedish luxury car brand Volvo in 2010, is bidding for 80.03 percent of Manganese, Bloomberg reported on Thursday, citing anonymous sources.
As southern Europe continues to struggle with economic troubles, the time is ripe for Chinese enterprises to invest in the northern part of the region.
China's electric-vehicle maker BYD Co Ltd signed a joint-venture agreement on Tuesday with a Bulgarian partner to build an auto assembly plant in the country.
China Youngman Automobile Group Co on Thursday acquired a 29.9 percent stake in the Netherlands' Spyker Cars NV for 10 million euros.
Huang Nubo, chairman of Beijing-based Zhongkun Investment Group, is planning to protest directly to the Icelandic government after it ordered him to reapply for permission to go ahead with a major tourist project on the northeast coast of the island.
Huang said: "I feel I have been disrespected and deceived, as the owner of a private Chinese company trying to invest in Iceland."
Huang said he suspected the decision had been made because of discrimination against Chinese investors, and claimed it had broken World Trade Organization rules.
Fusheng Industrial Co, a Taiwan-based leading Chinese producer of air compressors, announced on Tuesday that it has acquired German compressor manufacturer ALMiG Kompressoren GmbH as Fusheng eyes expanding its global business.
Entrepreneurs in northern China have been talking about the agricultural opportunities across the border since Russian President Vladimir Putin set out a plan to develop Russia's Asian areas at this year's APEC summit.
But it's not just talk. In fact, hundreds of companies and even individual farmers are already involved in agricultural projects in Russia's Far East, according to the commerce bureau of Northeast China's Heilongjiang province, which shares a border of more than 2,900 km with Russia.
Speed of innovation is the key to Huawei Technologies Co Ltd's competitiveness in Europe, said Tim Watkins, the company's Western European vice-president.
Lenovo Group Ltd started selling smartphones in Russia as it seeks to extend its global dominance in personal computers to mobile phones and tablets.
The Industrial and Commercial Bank of China on Tuesday opened a branch in Barcelona, a year after establishing its first Spanish office in Madrid.
ZTE Corp, a key player in China's telecom equipment industry, prepared to invest 700 million euros in a project to create Greece's high-speed Internet network.
London will see an influx of Chinese retailers over the next few years, with as many as five looking for stores.
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 
