China outbound

China's industrial champions are potential world-beaters

Not to be confused with its low-cost consumer goods makers, China's industrial goods firms are successfully competing with the world's best. And some are already winning.

<div style="text-align: left;"> Liang Wengen and Karl Schlecht at a press conference in Changsha (AFP) </div>

Nick Ferguson

February 13, 2012

Sany Heavy Industry’s €500 million ($660 million) acquisition of Putzmeister, announced at the end of January, could be a sign of things to come.

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