One year. One city. Endless opportunities.

China Looks to Detroit

People in this region are desperate for any trickle of positive investment news. From the Detroit Free Press comes a story about a partnership between the Chinese government and two Chinese firms – Capital Iron & Steel Co., and auto supplier Tempo Group – to buy Delphi's brake and transmission business in an estimated $100 million deal. Last month, another Chinese firm, Tengzhong Heavy Industrial Machinery Co., agreed to buy General Motors' Hummer brand.

How much can Chinese investment help revive Michigan's economy?

  • Print
  • Comment

Add Your Comment:

You must be logged in to post a comment.
The Detroit Blog Daily E-mail

Get e-mail updates from TIME's The Detroit Blog in your inbox and never miss a day.

More News from Our Partners

Quotes of the Day »

NICHOLAS FISHER, expert at Stony Brook University in New York who took part in a study which found that bluefin tuna contaminated with radiation believed to be from Fukushima Daiichi were present off the coast of California just five months after the nuclear meltdown.