CHINA-ECONOMY: FOUNDER CHAIRMAN OF LEADING CHINESE CONSTRUCTION COMPANY SANY HEAVY INDUSTRY STEPS DOWN
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Caixin (January 21) disclosed that Liang Wengen, the founder of China’s leading construction-machinery
maker Sany Heavy Industry Co. Ltd., stepped down from his role as Chairman in a core leadership shakeup
that came after the company suffered a poor third quarter. Xiang Wenbo, the former Vice Chairman and
President of Sany, has been appointed its new Chairman. Liang Wengen will continue to serve as a member
of the Board.
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