Did you know Chinese companies have been buying up foreign businesses, including US based ones, at a record rate over the past several months? So far there have been 102 Chinese M&A (merger & acquisition) deals worth about $82 billion vs. 72 deals worth $11 billion over the same time last year.
One of the most contentious deals so far might be the Chinese-led bid for the Chicago Stock Exchange.
Here are some of the other top M&A deals:
1) General Electric’s sale of its appliance business to Qingdao-based Haier
2) Zoomlion’s bid for the heavy-lifting-equipment maker Terex Corp.,
3) ChemChina’s record-breakingdeal for the Swiss seeds and pesticides group Syngenta, valued at $48 billion.
4) Dalian Wanda bid $3.5 billion for Hollywood studio Legendary Entertainment.
Why are Chinese companies making so many acquisitions of foreign companies? Because it allows them to quickly expand globally and to offset slow-downs in the Chinese economy. What are your thoughts on this? Please post your comments below to let us know what you think.