July 19 - China Daily (Commentary) - The continuous economic boom that has taken place in China over the last 28 years makes it a powerhouse of global prosperity. And now the country has become involved in the newest development of economic globalization.
The wave of mergers and acquisitions (M&As) among international businesses that has swept across the globe will ensure the rise of global corporations in the 21st century.
This explosion in M&As began in 2004 and peaked in 2006, when deals worth $3.5 trillion were inked. The deal-making has continued apace this year - M&A agreements involving $2 trillion were reached in the first four months of this year, up 60 percent from the same period last year.
The M&A deals range from the finance, electricity generation, property and media sectors to consumer goods. They have taken place in the US, Europe and many developing countries. Read More.
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