Awarding to CCTV 2012 Economic Person of the Year

Chinese business tycoons are earning a greater reputation and more say around the globe. That’s the result of China’s stable economic growth amid the world economic downturn.

In order to make successful Chinese entrepreneurs more well-known in China as well as abroad and reward their efforts, CCTV is holding an awards ceremony this Wednesday evening. Ten business and economic leaders will be given the CCTV 2012 Economic Person of the Year awards.

One winner of this prestigious award is Liang Wengen, the head of Sany Group. The company merged with German manufacturing giant Putzmeister this year and paid 360 million euros. The merger allows Sany to gain market access in more than 110 countries and regions. Liang also took the bold move and sued US President Barack Obama for blocking a wind farm project, and surprisingly announced to move its headquarters to Beijing.

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