David Barboza: From China, a New Bid for Maytag and Status

From The New York Times:

The move by the Haier Group, a Chinese manufacturing colossus, to acquire the Maytag Corporation could transform Haier into one of the world’s most powerful appliance makers and give the company a greater foothold in America and Europe.

In addition, analysts say, the purchase would be another big step in China’s transition to capitalism.

June 24, 2005 5:46 AM
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