Foreign Investors Shy Of Chinese Mergers And Acquisitions – Xinhua

images.jpgFrom 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 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 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]

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