Geely Automotive acquired the majority in Saxo Bank, a Danish financial platform, after having previously bought the Swedish carmaker Volvo. The Chinese are here to stay and we have to get accustomed to the new normal. Advertisements
People need some time before getting used to a new situation. The Americans needed some half-of-a-century and two world wars before having a solid foothold in Europe. The Chinese got a foot-in-the-door in only ten years, economic crisis helping greatly. Politico Europe has a great piece on this subject. Or how the Middle Kingdom investments…… Continue reading Enter the Dragon : the new normal
Mexico could elect in 2018 Andres Manuel Lopez Obrador (AMLO), viewed as a combination of Chavez and Trump. Does free trade, NAFTA in this case, necessarily lead to anti free trade politicians ? If there is not two without three, will Canada be next !?
It is called the Committee on Foreign Investments in the United States (CFIUS) and it is becoming US’ main trade policy instrument, just like the Section 301 in the 1980s. That one was offensive and was about Japan and trade, this one is defensive and is about China and takeovers. It recently prevented the acquisition…… Continue reading US keeps blocking the Chinese shopping spree
The European keeps asking for more openness of the Chinese market. Could the Nineteenth Congress reserve any pleasant surprise ?
The French President seems to got it : beyond speeches at the Sorbonne, United Europe is also made through mergers and acquisitions inside the continent. First, the merger between the rail divisions of Alstom and Siemens, dubbed as the Railway Airbus, is formally a merger of equals and the new entity even has its headquarters…… Continue reading Macron means business. And politics
It is the no.1 Chinese steelmaker, created a year ago from the merger of two struggling SOE, and now world no.2 after Arcelor-Mittal. And it is going to boost its output from 60 to 100 million tonnes, while the global Chinese production it is expected to fall in the next few years. US and EU…… Continue reading Baowu