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[email protected] Website: www.kuwaittimes.net Issues Cheap eurozone takeaway fuels Chinese appetites By Kelly Olsen he inexorable decline of the single currency offers ambi- tious Chinese firms a bargain buffet of eurozone busi- Tness, analysts say, with this weekend’s multibillion deal for Italian tyremaker Pirelli only the latest course in an acquisi- tion binge. Less than a year ago the euro was worth nearly $1.40 on international markets. Earlier this month it stood at less than $1.05, down by a quarter as the European Central Bank embarks on a massive stimulus program while the US Federal Reserve is widely expected to start raising interest rates. By the standards of first-world forex markets it ranks as a collapse. It has recorded a similar performance against China’s yuan currency, falling from almost 8.7 yuan in May to bottom at less than 6.6 yuan. The yuan trades in a tight range against the dollar. As the unit weakens it makes eurozone acquisitions cheaper for outside buyers and its biggest headline impact Donor channelled millions through company may come in terms of Chinese overseas investment, which surged past $100 billion for the first time last year. “For Chinese going into Europe it can’t get better than this,” By Tom Bergin Research, the spokesman initially said the payments were for research A Family Dispute said Joerg Wuttke, president of the European Union Chamber work.