Barclays Eyes China Bank Stakes
UK-based Barclays Bank has said intends to buy into Chinese retail and
commercial lenders, according to state media. "We are still looking for
more appropriate opportunities in China's retail and commercial banking
sector," Barclays' President Robert Diamond was quoted by China Daily.
So far, the bank has focused on wholesale and investment banking
through its subsidiaries Barclays Capital and Barclays Global
Investors. "We are sure to increase our investment in China's market
this year, mainly in the form of capital and staff", Diamond said.
PSA Outlines New China Strategy
French automaker PSA Peugeot Citroen will source auto parts from China
worth EUR600m from 2010, the company says. It is also aiming to
increase its market share in China to five per cent by 2015. PSA will
introduce five new models this year in cooperation with its joint
venture partners Dongfeng Motor and DPCA. In 2007, the group reported a
consolidated profit of EUR826.
News & Interviews 
(0 vote)
