Despite a strong 2007, fuelled by a rising renminbi, ChinaÆs outbound announced MA performance has slowed down sharply in 2008. According to Dealogic estimates, Chinese companies announced $43.9 billion of outbound MA deals so far this year, compared to $74 billion last year. That is still way ahead of India and Russia, on $21 billion and $14 billion respectively, but down on past years.
The trend is ominours. In the future, China will have to face the fact that the global economic landscape has changed and that other countries view its economic model, which involves numerous state-controlled entities, with suspicion.
ChinaÆs outbound MA strategy is to a large extent derived from the...
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