From Xinhua, People’s Daily online:
Mergers and takeovers of Chinese companies by foreign investors brought in actual investment of 1.4 billion U.S. dollars last year, up 49 percent from a year earlier but accounting for only two percent of the total foreign investment in use in 2006.
Greenfield investment , or new operations on a bare site, remained the dominant foreign investment, Sun Peng, deputy director of the Foreign Investment Department with the Ministry of Commerce , said on Friday at the 2007 International Business Group Annual Conference.
The government approved almost 1,300 foreign mergers and acquisitions last year, up 25 percent from 2005, but most were non-state-owned enterprises, accounting for 62 percent of last year’s total foreign contractual merger and acquisition investment of 4.8 billion U.S. dollars. [Full Text]
