China to spend US$1.5t on outbound M&A in next decade
London
CHINESE acquirers will spend US$1.5 trillion buying companies abroad in the next decade, 70 per cent more than the previous 10 years, even as regulators at home and abroad block deals, Linklaters LLP said in a report on Tuesday.
Government policies encouraging Chinese companies to invest in manufacturing capabilities, particularly for advanced technology, and international trade will help maintain deal flow, the law firm, which specialises in advising on mergers and acquisitions, said in the report. Chinese buyers have spent about US$880 billion on assets in other countries in the last 10 years, according to the data.
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