Western companies have long looked to China as an entry route into the expanding Asian market. Now, however, the roles are shifting. China is increasingly looking outwards as it seeks to move from an export-dependent economy to a consumer-driven one. While China gets to grips with its new-found status as an acquirer, western companies are seizing the opportunity to divest non-core assets and to take up investment finance to secure growth.
November 22, 2012 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
For decades China has been an export-dependent economy, but it is now embarking on an acquisition drive. Xiaoming Li and Alex Zhang ask what this new interest in overseas investment means for lawyers doing business in the country
Western companies have long looked to China as an entry route into the expanding Asian market. Now, however, the roles are shifting. China is increasingly looking outwards as it seeks to move from an export-dependent economy to a consumer-driven one.
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