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Despite the global economic setbacks of 2012, several savvy businessmen managed to hold their heads high and thrive. China.org.cn has listed China's ten most successful business leaders for you right here.

Liang Weng'en

Liang Weng'en is the founder and main shareholder of Sany Group. [Photo/cctv.com]

Liang Weng'en, is the founder and main shareholder of Sany Group, a heavy industry manufacturer now based in Changsha, Hunan Province.

Liang topped the 2011 Hurun China rich list by collecting 70 billion yuan ($10.8 billion) in assets from his heavy machinery company.

To add to its storehouse of technology and expand its business overseas, Sany Group Co., Ltd., China's largest construction machinery company, and Citic PE Advisors this year paid 360 million euros ($470.46 million) for the concrete-pump maker Putzmeister Holding GmbH.

Sany Group is reported to be moving its headquarters from Changsha to Beijing, with the move set to be finalized within two months, Xiaoxiang Morning Herald newspaper reported. Analysts claim this decision has been triggered by the enterprise's global ambitions. Sany Electric-owned Ralls Corporation filed an amended complaint against Obama and the U.S. Committee on Foreign Investment with the Washington District Court in October of this year. It claims the president's order, preventing the company from acquiring four wind farms in Oregon, violated the Constitution.

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