Article

2011-11-29 Europe

China looking to snap up EU factories, railways

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Posted by g(r)omgoru 2011-11-29 01:17|| || Front Page|| [11129 views ] Top

#1 Makes sense, Hard Currency where the currency isn't.

Posted by Redneck Jim 2011-11-29 06:44|| 2011-11-29 06:44|| Front Page Top

#2 Always a risk. The US has long had a proud reputation of ripping off foreigners who tried to speculate here.

One favorite tale on the subject was when the English tried to speculate in a US longhorn drive, even sending a Scottish accountant to Texas to ride with the cowboys. When they left Texas they had a huge herd, but by the time they reached KC, there was nary a longhorn to see for miles around.

Posted by Anonymoose 2011-11-29 07:28|| 2011-11-29 07:28|| Front Page Top

#3 Playing Monopoly for real, apparently. Are they buying Boardwalk or Baltic Ave.?

Posted by Spot 2011-11-29 08:04|| 2011-11-29 08:04|| Front Page Top

#4 Anonymoose

Until you actually need inward investment and Juche just doesn't cut it.

Posted by Bright Pebbles 2011-11-29 09:46|| 2011-11-29 09:46|| Front Page Top

#5 Fire sale prices. Looks like barter. So if they have hyperinflation, China is sitting pretty. Value of EU factories, railways, resources go up and the money value given goes down.

Posted by Dale 2011-11-29 10:01|| 2011-11-29 10:01|| Front Page Top

#6 ...I'm not sure the Chinese are interesting in obtaining 'industries' that have heavy doses of employee entitlements that don't directly contribute to productivity and often act counter to productivity. They seem to put stock in the old adage 'he who will not work will not eat'.

Posted by Procopius2k 2011-11-29 10:59|| 2011-11-29 10:59|| Front Page Top

#7 If you HAVE to, you can always dismantle it, and haul it away.
I'm sure China is hurting for Railroads.

Posted by Redneck Jim 2011-11-29 13:21|| 2011-11-29 13:21|| Front Page Top

#8 ..now just guessing, it is indeed a good opportunity to loot technology and large industrial equipment stocks avoiding 'start up costs' back home. Sort of like corporate raiders stripping a buy of its non-essential assets and turning around and trading the core elements that had value.

Posted by Procopius2k 2011-11-29 14:44|| 2011-11-29 14:44|| Front Page Top

#9 Wonder if the Chinese are interested in Euro internet start ups? Not ~~much~~ any cash flow but a lot of potential.

Posted by Eohippus Phater7165 2011-11-29 15:27|| 2011-11-29 15:27|| Front Page Top

#10 China doesn't need to dismantle anything. From the industries they will look to reverse engineer / take home intellectual property and manufacturing processes.

Posted by lotp 2011-11-29 16:19|| 2011-11-29 16:19|| Front Page Top

#11 Yeah, they could do that... but...

I have a bunch of bearings on my desk, that were made in China. They were made in a factory China bought lock stock and barrel in Japan and shipped to China. The boxes even have "Made in Japan" printed on them, above the "Made in China" sticker glued on below.

They probably don't have to do it, but... they've done it before.

Posted by Thing From Snowy Mountain 2011-11-29 18:11|| 2011-11-29 18:11|| Front Page Top

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