China ‘will be most active M&A player’ [FT]
Chinese companies are set to be Asia’s most acquisitive in the US or Europe next year, according to a survey of the region’s dealmakers.
Nearly 60 per cent of those polled believe mainland Chinese companies will outstrip rivals in countries such as India and Japan in outbound merger and acquisitions activity in established world markets.
Outbound acquisitions by Chinese companies have in recent years focused on investment in the resources sector in Africa and Latin America, while its leading financial services companies have stepped up overseas activity in recent months.
China Defends Quality of Products [topix]
China is enforcing strict standards for its exports and will continue to work to regain consumer confidence in its products, especially during the upcoming holiday season, a top quality official said Wednesday.
Li Changjiang, head of China's General Administration of Quality Supervision, Inspection and Quarantine, said officials have taken substantial measures to ensure that goods are made by certified manufacturers with qualified materials.
There will be checks at various stages of production, Li said, and authorities will also make it easier for exporters with good records to quickly pass customs inspections _ all part of a four-month Cabinet-level safety campaign launched in August.