The Chinese are fast-tracking their global strategies by acquiring Western brands, sometimes at knocked-down prices. In 2006, Geely acquired 23 percent of Manganese Bronze Holdings Plc, the Coventry, England-based maker of London cabs. The 55 million pound ($90 million) deal enables Geely and Manganese Bronze to manufacture the taxis in Shanghai, where some workers earn one-thirtieth of the average salary of their British counterparts, Geely Executive Director Lawrence Ang says.
http://www.bloomberg.com/apps/news?pid=20601109&sid=aTMHHJ85sp1o&pos=10
..................................................................................
And just think.....
When China has a full blown futures.....and fully electronic and efficient securities market....
It is certain that their bankers will be making less while bringing public product....
More efficiencies to be had for sure....
http://www.bloomberg.com/apps/news?pid=20601109&sid=aTMHHJ85sp1o&pos=10
..................................................................................
And just think.....
When China has a full blown futures.....and fully electronic and efficient securities market....
It is certain that their bankers will be making less while bringing public product....
More efficiencies to be had for sure....