An increasing number of Chinese companies are purchasing European enterprises. In June, several large-scale buyouts stood out. China Aviation Industry Corporation I has announced that it will purchase six European plants of Airbus. In addition, China International Marine Containers (Group) Ltd. has successfully bought out Burg Industries, a Dutch company.
According to the statistics issued by Dealogic, a merger and acquisition research company, Europe has announced 3,198 merger and acquisition cases against 2,001 cases in the US this year and it has become the largest merger and acquisition market in the world.
Influx of capital from new markets is the major reason for the change. Mark Williams, an expert with a British research institute says Chinese enterprises boost their core competence through the mergers and acquisitions in Europe because they get advanced technologies and skilled work during the process.
For more details, please read the full story in Chinese. (
http://www.chinabusinesspost.net/showArticle.php?ID=9397)
(China.org.cn July 16 2007)
