As regular readers will know, I tend to follow news regarding China. The latest news all seems to be related to big business deals. China today signed 22 agreements with Germany, valued at billions of US dollars, ranging from financial co-operation to the purchase of Airbus jetliners:
Other agreements include bilateral co-operation in sectors such as railway, small and medium enterprises, technology, finance, purchase of aircraft and railway locomotives as well as the establishment of several joint ventures.
The bilateral trade volume between the two countries is expected to reach US$50 billion this year, said Schroeder at the press conference, adding the volume will be doubled in 2010.
Also inking deals yesterday with China was Italy. Fiat, Pirelli (Italian tyre manufacturer), and Skylogic are just some of the Italian companies involved.
Closer to my passion (technology, duh) is Lenovo, China’s largest PC maker, who is said to be in talks to buy IBM’s PC business:
And it is emblematic of the ambitions of emergent Chinese industrial giants to create global brand names and capture market share beyond their own borders. Formerly relegated to a low profile as the cheap assemblers for the rest of the industrialized world, Chinese companies now have their sights set on becoming global powers in their own right.
Looks like China is indeed becoming a force in the world marketplace! For related stories, click here.
MasterMaq's Blog 
Go Big Blue 😀
More like they’re going into….Consoles!…….
:p