Chinese enterprises' overseas acquisitions have witnessed a remarkable increase during the past several years, especially after the 2008 financial crisis. Many Chinese enterprises are acquiring high quality European and US companies and assets to enhance market position and core competence such as technology, brands, and distributions network. Technology, media, telecommunication, automobile and transportation, and financial services are the main target industries.
I remember that on the first anniversary of China Daily, on June 1, 1982, the paper's Opinion Page carried a short letter from Willbur Schramm, the then director-emeritus of the Institute of Communication Research, Stanford University; and the East-West Communication Institute, East-West Center, in Hawaii.
Chinese businesses have joined the match-making stakes and are still starry eyed
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