China M amp;amp; A not yet been born.docVIP

 PAGE \* MERGEFORMAT 10 ‘China M amp;amp; A’ not yet been born From Lenovo to TCL, Haier to CNOOC, despite several months of foreign acquisitions of Chinese companies behave impressive, but they are still too small in size and somewhat reckless attitude, or leakage of their immaturity. ‘China does not force immediate concern’, ‘The Economist’ Intelligence Unit China Consulting Director, XU Si-Tao said. He had just presided over the completion of a survey on China mainland enterprises report showed that, despite the recent overseas Chinese enterprises conducted a series of high-profile acquisition of the assets movement, it was not until 2004, is still far less than one quarter of this size century Japan. According to the report, the Chinese mainland enterprises generally are in an ‘adolescent’ state - they have enough passion and ideals, but lack the appropriate experience and vision to expand to other parts of the world is still too early. Reported that prevent them from growing up overseas, one of the main factors is the government’s financial control system. Awkward youth 2005 May -6 months, the ‘Economist’ Intelligence Unit in Bank of America, Deloitte amp;amp; Touche and other support, undertook a quantitative survey, came to this conclusion. The survey targeted 150 annual turnover at between 100 million -500 million of the 176 domestic enterprises, executives issued a questionnaire, and an expert on domestic enterprises, conducted extensive interviews. The last week of September, the partners announced in Beijing its findings. In this report, the most striking conclusion: high-profile foreign direct investment in China in 2004 and Japan in 1980 is not yet level. Before that, when discussing the recent Chinese enterprises in overseas mergers and acquisitions frequently the topic of the table, a quarter of a century ago in Japan is often used as an optimistic point of reference. ‘Today’s China market and more than 20 years ago, the Japanese market d