Chinese outward M&A: next year's big thing?

Is China Netcom''s acquisition of Asia Global Crossing a leading indicator of what''s to come?

On the face of it, Asia Global Crossing's AGC decision earlier this week to sell its assets and operations to a consortium led by China Netcom might be viewed as evidence that the advance of Chinese companies into overseas markets is gaining further momentum.

The deal is the latest in a series of tentative forays by Chinese companies into foreign territories, following a general post-deregulation pattern of Chinese companies internationalizing their operations through acquisitions of overseas assets or listings on...

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