Chi­nese com­pa­nies drive deals with ‘Go Global’

China Daily (Canada) - - NEWSCAPSULE -

China is see­ing merg­ers and ac­qui­si­tion rise as its lead­ers push com­pa­nies to “go global”, an an­a­lyst said.

The new lead­ers “want to open their mar­ket more, es­pe­cially to out­side com­pa­nies. From that per­spec­tive, you can say the new lead­ers give more hope to Chi­nese do­mes­tic play­ers to go over­seas to com­pete in the global mar­ket,” Yingy­ing Xu, an econ­o­mist with the Man­u­fac­tur­ers Al­liance for Pro­duc­tiv­ity and In­no­va­tion, an in­dus­try trade group, told China Daily.

China is ex­pected to over­take Ja­pan as No 1 in over­seas merg­ers and ac­qui­si­tions this year. So far this year, Chi­nese com­pa­nies have made $56.2 bil­lion in over­seas M&A deals, be­low last year’s $62.1 bil­lion to­tal, but beat­ing the $40.7 bil­lion of deals done by Ja­panese firms, ac­cord­ing to data pro­vided by Thom­son Reuters.

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