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Foreign Acquisitions Worth $28 Billion are Just the Beginning of China’s Global Ambition
By: Business Wire
Jan. 29, 2013 07:30 AM
China’s rapid transition from a low-cost manufacturing hub to an innovation hotspot with growing foreign ambitions represents both a threat and an opportunity for companies and investors around the globe, according to Lux Research.
Chinese firms in such sectors as energy storage, advanced lighting, emerging electronics and red-biotechnology industries are more likely to pursue both overseas growth and introduction of foreign capabilities into China.
During 2009-2011, Chinese companies’ foreign merger and acquisition (M&A) deals grew 75% to $28.1 billion. Simultaneously, M&A deals by foreign companies in China increased 16 times – from $400 million to $6.9 billion, suggesting new momentum in opportunities inside the world’s fastest growing country. All indications are that this is only the beginning.
“From Chinese companies’ perspectives, acquiring advanced technologies globally and entering foreign markets are major goals as they seek to shed the tag of a low-cost manufacturing hub,” said Zhuo Zhang, Lux Research Associate and the lead author of the report titled, “From the Horse’s Mouth: How Chinese Companies Value Foreign Partners and Opportunities.”
“Entities around the globe need to navigate the new reality of an increasingly crowded market in China where global leaders must learn to operate while developing strategies to face the imminent threat in their own backyard,” he added.
Lux Research analysts studied China’s complex emerging technology ecosystem, surveying and analyzing 380 entities. Among their findings:
The report, titled “From the Horse’s Mouth: How Chinese Companies Value Foreign Partners and Opportunities,” is part of the Lux Research China Innovation Intelligence service.
About Lux Research
Lux Research provides strategic advice and ongoing intelligence for emerging technologies. Leaders in business, finance and government rely on us to help them make informed strategic decisions. Through our unique research approach focused on primary research and our extensive global network, we deliver insight, connections and competitive advantage to our clients. Visit www.luxresearchinc.com for more information.
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