Domestic companies take advantage of EU crisis

Chinese enterprises have quickened their pace in tapping the German market by taking over local firms, taking advantage of the ongoing debt crisis in the Europe.

The Chinese company Weichai Power Co Ltd, for instance, made the latest commitment to explore the German market. Its deal with the German forklift truck maker Kion Group GmbH, which was made on Aug 31, marked the largest Chinese direct investment in Germany to date.