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Chinanews, Beijing, Aug 2 – “Foreign merger1 and acquisition activities will benefit both domestic companies and China's national economy,” Liao Xiaoqi, vice2 minister of commerce, recently said, the People's Daily overseas edition reported.
The vice minister said foreign merger and acquisition have become the main form of cross-country investment for global investors3. Chinese government will regulate the foreign M&A activities in China with proper laws and regulations, like other countries do. With current laws and regulations, Chinese government hopes that foreign M&A activities will develop in China soundly, the vice minister said. At present, foreign M&A activities are still at a rudimentary stage in China. Many global mergers4 have now involved a huge sum of investment money. In China, however, foreign M&A have just started, Minister of Commerce Bo Xilai once said. Statistics show that in 2006, the contractual value for all foreign M&A activities reached 5 billion US dollars, which accounted for only 2.5% of the total FDI in China in 2006. Even in manufacturing industry, the proportion was less than 2%.
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