Chinese companies are being bought into acquirers

Source: Internet
Author: User
Keywords China acquisitions 2010
China's economy has surpassed Japan as the world's second-largest economy this year, particularly dazzling.  This year, China's mergers and acquisitions volume ranked second in the world, foreign direct investment amounted to 40 billion U.S. dollars, Chinese companies from being acquired to asset buyers, the energy-driven extractive industry to become the main force of overseas investment.  China's economy is more than the Japanese Academy of Social Sciences yesterday in Beijing released the World Economic Yellow Book and the international situation Yellow Book. The Yellow Book of the world economy shows that the global economy will grow by 4.8% in 2010 and Asia's developing economies are 3.5 times times faster than developed economies.  China's total economy overtook Japan in 2010 years, becoming the world's second-largest economy.  The yellow paper analyses that in 2010, the growth rate of Asian developing economies is expected to be as high as 9.4%, which is nearly twice times the world's expected growth rate of 4.8%, and is 3.5 times times the expected growth rate of 2.7% in developed economies. The yellow paper notes that Chinese companies are gradually becoming major asset acquirers from their former role as asset-acquired. In the first half of 2010, China's acquisition volume ranked second in the US after the U.S., according to a JPMorgan survey. China's OFDI in 2003 was only $2.8 billion trillion, and now it has reached $ more than 40 billion trillion.  China's foreign direct investment has grown at an annual rate of more than 70%. China has entered a level of 1:1 or a relatively balanced phase between OFDI and foreign direct investment. The energy-driven extractive industry has been the most important area for Chinese enterprises to invest overseas.  From the beginning of 2005 to the first half of 2010, Chinese companies bought overseas mining assets at a total value of $31.9 billion trillion. G20 on the world stage The Yellow Book of international situation points out that the world pattern has seen changes, the influence of Western powers has dropped markedly, and the status of emerging powers has obviously increased.  The international mechanism is changing, and the voice of emerging powers is appearing in multilateral diplomacy. 2010 was the first year that G20 replaced G8 as the main mechanism for global economic governance. The rise of G20 status has greatly increased the number of major actors in the center of the world stage.  This embodies both the multilateralism of the dominant power of global affairs and the Visible development of multipolarity. According to the introduction, China has been facing more friction and conflict in the surrounding areas over the past year, and the neighboring countries and China's territorial disputes, military tensions, as well as the diplomatic containment of China is increasingly evident. The Yellow Book also points out that China's coordination and cooperation with neighboring countries has also been greatly promoted over the past year.  For example, China and the DPRK nuclear issue of coordination and cooperation between the Chinese and Russian on international issues and regional issues of mutual support and coordination. The Yellow Book notes that over the past year, China-US relations have been very clear in two aspects of conflict and cooperation. Although the two countries have been doing so for decades, the performance of both sides has been accentuated: the second round of economic and strategic dialogue has never been more cooperative, and the militaryThe frequent bright swords in the interaction are unprecedented. In the 2010, Sino-US distrust deepened in security and formed a confrontational interaction in the form of military exercises, which is the product of this structural contradiction development.  In contrast to this contradictory development, the Sino-US diplomatic game on the South China Sea is acute.  Yellow Book analysis that the interaction between China and the United States increased the increase in intensity, indicating that the two sides in the strength of the growth and decline is entering a new stage of running-in. Reporter Yangspring in Beijing
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