Geely won't buy more

Updated 2018-03-19 10:41:05

Zhejiang Geely Holding Group Chairman Li Shufu on Sunday denied the company will continue to make purchases in the global market, domestic news site thepaper.cn reported.

Li, a deputy to the 13th National People's Congress (NPC), made the remarks on the sidelines of the ongoing 13th NPC, the report said.[Special Coverage]

Geely bought a stake worth about 7.3 billion euros ( billion) in Daimler AG in February, marking the largest investment in a global automobile manufacturer by a Chinese company, according to media reports.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58July 23 2018 15:57:08

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16July 23 2018 15:57:08

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18July 23 2018 15:57:08

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords