Chinese investment in Europe
Streaks of red
Capital and companies from China are sidling into Europe
Jun 30th 2011 | from the print edition
A RIDE in a London taxi from Canary Wharf, a financial district, to the Bank of England sounds like an inimitably British experience. It is also a Chinese one.
London’s black cabs are made by Manganese Bronze, which is part-owned by Geely, a Shanghai-based carmaker that also owns Volvo, a Swedish company. China Investment Corporation (CIC), a sovereign-wealth fund, has the third-largest stake in Songbird Estates, which controls Canary Wharf Group, the property firm behind the towers that dominate the city’s eastern skyline. CIC may soon become an investor in the Citigroup building, another landmark skyscraper, which is for sale.
伦敦的黑色出租车都是由Manganese Bronze生产的，一家位于上海的汽车制造商吉利部分拥有该公司，吉利同时也拥有一家瑞典公司沃尔沃。一家主权财富基金中投是Songbird Estates的第三大股东，Songbird Estates控制着Canary Wharf Group，那家位于可以俯瞰整个城东的高楼后面的房地产公司。中投不久可能成为花旗大厦的投资者，这是待售的另一处地标式的摩天大楼。