Comment on China is buying up companies around the world at a record rate — and it's great news for Wall Street

China is buying up companies around the world at a record rate — and it's great news for Wall Street

ReutersChinese companies have been acquiring foreign companies at an unprecedented rate, and we're likely to see a lot more of it this year. So far in 2016, General Electric has sold its appliances business to Qingdao-based Haier. China's Zoomlion made an unsolicited bid for heavy lifting equipment maker Terex Corporation, and property and investment firm Dalian Wanda announced a deal to buy a majority stake in Hollywood's Legendary Entertainment. On Friday, a Chinese-led investor group announced it would buy the Chicago Stock Exchange.

 

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