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When it was announced four years ago that the Chinese carmaker Geely was buying Swedish carmaker Volvo, the company drew plaudits worldwide for the daring and astuteness of its move.


But few people are aware of the months of preparation that went into planning the $1.8 billion (1.3 billion euros) deal and the role that about 20 of China's richest and most powerful business people played in making it happen.


The man steering the ambitious plan was Li Shufu, Geely's chairman and founder. He had set up the company in 1986 as a refrigerator parts maker and had gone on to turn it into a maker of motorcycles, vans and inexpensive cars.


But as the time came to decide whether to shift up another gear by buying Volvo from Ford Motor Co of Detroit, Li's enthusiasm began to give way to doubts about whether the purchase would be in the company's best interests.


"Li was wavering before the deal was signed nike air force 270 mens shoes cheap ," says Cheng Hong, secretary-general of the China Entrepreneur Club, whose 46 members are some of China's wealthiest people.


"He asked us to arrange a meeting at which we could get together to discuss whether it was feasible