China Inc. Tries to Buy the World, with Impeccable Timing

by Wolf Richter
Wolf Street

King of foreign M&A, at peak prices, funded by state-owned banks.

Not even five-and-a-half months into the year, Chinese mergers & acquisitions in other countries have hit $110.8 billion, nearly four times as much as during the same period last year, and surpassing the total volume of the entire year 2015 ($106.8 billion).

And so China Inc. has become the number one cross-border acquirer for the first time ever, ahead of Canada with $67.7 billion in deals, and the US with $53.1 billion.

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