www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Reporters' Log

Geely Auto mulls M&A if timing is right

By Ding Qingfen and Tong Hao (chinadaily.com.cn)
Updated: 2009-03-10 16:22

Geely Auto, a major domestic carmaker based in Zhejiang, is considering mergers and acquisitions to boost its business when the timing is right, Chairman Li Shufu said on Tuesday.

"Our target will be those companies whose business is complementary to ours," Li said at the annual sessions of the Chinese People's Political Consultative Conference (CPPCC).

Mergers and acquisitions within the global auto industry are happening or will happen soon, according to Li, which provides a good opportunity for Geely. But he did not comment on the media rumor that Geely is planning to buy the Volvo brand from Ford.

Li also said Geely will invest 8 percent of its output value, or more than 1 billion yuan, in research and development in 2009, but that percentage is unlikely to grow in the near future.

Geely Auto predicts a sales increase of 25 percent this year in the domestic market.

Central Economic Work Conference

• Interest Rate Cut
• 30 Years of Reforms
• Coping with Financial Crisis
• Housing in China
• 2008 Tsinghua Management Global Forum
• more

Hot Words

• 政府注資 pump priming
• 軟環境 soft environment
• 糧食最低收購價 crops' minimum purchase prices

• 保八 Eight Percent Protection
• 以人為本 Put People First
• 農民企業家 Farmer-turned-entrepreneur
• 窗口指導 window guidance
• 下崗再就業 Re-employment after being laid off
• more

From Foreign Press

• German media give full coverage to Premier's report
• Overseas press praise China's 8% economic growth
• German media: Economy tops agenda at NPC session
• From the foreign press
• World media keeps close watch on 'two sessions'
• more

Letters

• Corruption top issue for public
• China adopts Food Safety Law
• China's economic growth in 2009
• more