Why China Makes London Cabs

Discussion in 'Economics' started by libertad, Dec 29, 2009.

  1. 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

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    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....