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Chinese Companies to Increase Foreign Firm Acquisitions

Chinese companies are targeting at least 1,000 foreign firms for acquisition in 2016, according to analysts. And they are expected to nearly double what they invested last year, when Chinese business groups took control of 598 companies, according to a financial compiler. Beijing has already spent about $55 billion in merger and acquisition deals — nearly half of the 2015 expenditure of $118 billion — in the first two months of this year, according to Dealogic, a compiler...

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