China premier Wen Jiabao’s trip to Europe – he spent a part of today visiting Stratford Upon Avon in England and told an audience that western leaders need to understand more about China’s literary greats – is low key in comparison with that of President Obama a month back but the message is: there’s business to be done.
Equally significantly the China leader arrived in the UK not to crowd adulation but to a car factory – landing at the country’s second city Birmingham where Shanghai Automotive Industry Corporation owns the old UK state car company Rover. China’s push towards ultra low cost cars (sub-$2,000) will wreak havoc on western auto markets but this present danger to large US and Europe auto makers is unlikely to figure in the public agenda of Wen’s visit to Birmingham.
For more: Obama to Europe: Do You Think I’m Sexy? China to EU – We Will Save the Euro - Haydn Shaughnessy - Re:thinking Innovation - Forbes
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