Economics
ChemChina's Ren Chases DNA Change With $43 Billion Syngenta Bid
- Chairman pursues China's biggest corporate acquisition ever
- Ren `quite unconventional for a head of a central SOE'
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The blue locomotive rolled out of Zhengzhou, pulling boxcars stacked with more than 10,000 Chinese-made tires. They were heading across two continents to Germany as part of a “new silk road” initiative to boost trade.
The world paid no attention in 2013 to that convoy, draped with a skinny, red banner reading: “Warm congratulations on the successful operations.” It should have -- those were Ren Jianxin’s tires, and he was signaling he wanted a bigger piece of the European market.