Zhejiang Geely Holding Group Chairman Li Shufu on Sunday denied the company will continue to make purchases in the global market, domestic news site thepaper.cn reported.
Li, a deputy to the 13th National People's Congress (NPC), made the remarks on the sidelines of the ongoing 13th NPC, the report said. [Special Coverage]
Geely bought a stake worth about 7.3 billion euros ($9 billion) in Daimler AG in February, marking the largest investment in a global automobile manufacturer by a Chinese company, according to media reports.
