China's Voracious Appetite
Chinese buyers have already spent more on overseas targets than in any other entire calendar year.
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Anyone paying attention to mergers and acquisitions knows China has emerged as a big player. But just how big?
For starters, of the world's four biggest deals in 2016, two involve Chinese buyers. ChemChina is buying Swiss pesticide maker Syngenta for $46 billion, and Beijing-based Anbang Insurance entered a bidding war with Marriott for Starwood, the U.S. owner of the Westin and W hotels.1458565469210 Slowing economic growth at home and the possibility of further devaluation of the yuan has piqued Chinese buyers' interest in foreign targets -- especially in the U.S.