In China, Corporate Buyers Now Beware

From Reuters:

Abundant liquidity, government support and a strong yuan fueled Chinese companies’ overseas buying spree.

But since they bought at the peak of the market and did not have a clear strategy for acquisitions, it should come as no surprise that most of those deals have turned sour.

Once bitten, twice shy.

Crisis-ridden companies around the world are hoping that cash-rich Chinese buyers will come to their rescue. But the Chinese are not eager, having gotten their fingers burned.

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