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China's Wanfeng Eyes U.S. Acquisitions Amid Trade Tensions

  • Chairwoman says in talks to purchase a machinery company
  • Sees local production removing import tax unpredictability
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Photographer: Chris Ratcliffe/Bloomberg
Updated on

Rising trade tensions are pushing Chinese car-wheel maker Wanfeng Auto Holding Group to seek further acquisitions in the U.S. to help localize more production and cut its reliance on imports.

The Xinchang-based auto parts supplier is in talks to buy a machinery company in the U.S., and is open to purchasing a business in the financial industry, Wanfeng Chairwoman Chen Ailian, 59, said in an interview. The group has bought U.S. robotic assembly-line maker The Paslin Co. and Canadian magnesium die-castings firm Meridian Lightweight Technologies over the past three years, part of a broader plan to support China’s “One Belt, One Road” initiative to build an intercontinental web of infrastructure and trade links, she said.