"With China National Chemical Corp.’s 41.7 billion franc ($41.6 billion) bid for Syngenta AG, the nation’s companies and tycoons have proposed $128.3 billion of acquisitions outside the country this year, up 185 percent from the same period in 2014..."
"Out are purchases of commodity assets as the nation’s consumption of raw materials slipped, while in vogue are assets that infuse its companies with know-how and new technology.
"China is transforming into a consumer-driven economy,” Stephen Gore, head of Asia Pacific mergers and acquisitions at Bank of America Merrill Lynch, said by phone. “Many Chinese companies are eager to move up the value chain and that encourages them to pursue acquisitions of companies that could enable them to access advanced technology, strong brands and industrial processes.”
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China
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