The enterprise that dominates the local economy, First Automobile Works, is China's largest.

ECONOMIST: China

As FAW, Nanjing Automobile Works, and Second Auto Works (now known as Dongfeng) were busy turning out trucks, not many cars were being manufactured in the country.

FORBES: Winners And Losers In China's Car Market

In the past two years, he has bought six companies in four countries Britain, Germany, Sweden and, most recently China, where Bharat Forge late last year acquired control of the forgings division of First Automobile Works, the country's largest carmaker.

ECONOMIST: Few hands make work light