Acquisition triggers global expansion
By Xia Huan | China Daily | Updated: 2009-06-30 08:02
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Boring machinery: state-of-the-art drilling and heavy duty equipment produced at Qier |
Many and varied are the innovative routes Chinese businesses have sought out in a bid to maintain growth despite the worldwide economic downturn. For the Qier Machine Tool Group Co Ltd (Qier), a Heilongjiang-based machine tool manufacturer, acquisition proved to be the way forward.
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