China’s global takeover deals even scare the Chinese government
Date Published: 02/10/2017
The Telegraph, Feb. 1, 2017
As spending on foreign businesses more than doubled in 2016 to $208 billion, Western governments and even the Chinese government have started to worry about the number and scale of mergers and acquisitions by large Chinese companies. The frustration for Western companies comes from China’s ability to invest abroad in key sectors such as technology, while Western companies are given limited access to investing in Chinese companies. These mergers and acquisitions have also concerned the Chinese government because of their possible effect on China’s delicate control over its own currency. (Posted by Natalie Riso)
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