Investing in tangible assets (such as natural resources) is considered a marked shift in Chinese M&A strategy
The Great Recession of 2008 was undoubtedly a crucial turning point for China – both in terms of how it is perceived globally and also in the way China, itself, sees its global role. Then in early 2011, two events confirmed the country’s status as an economic superpower in the global economy: its upgrading to #2, in terms of economic size, and the red carpet treatment that the United States gave to visiting Chinese President Hu Jintao.
[Reprinted with permission from The China Europe International Business School.]