Thursday, October 27, 2016
China should systematically strengthen the support of Chinese enterprises' overseas acquisition
ANBOUND
Recently, the German government withdrew the approval for China's Fujian Grand Chip Investment Fund to acquire German chip equipment manufacturer Aixtron. There are sources pointing out that the United States plays a role in Germany's breach of contract. Chinese enterprises frequently face difficulties in overseas acquisitions. We believe that under the current situation of excess capital, developing real economy will be vital to China, and overseas acquisitions of real economy-developing Chinese enterprises should be supported by the Chinese government. Government-led research and response should include a new level of systematic planning and response, which include having clear working idea, strengthening daily information tracking and information sharing, trend tracking and studies and countermeasure studies; the previous divisions of different department should be changed.