For China, It's Mergers and Ambition

Mainland outfits are opting for M&A to go global, says Boston Consulting Group's Jim Hemerling. For the West, it's a challenge and opportunity

Already the world's largest local market for everything from refrigerators to mobile phones, China sees itself in the not-too-distant future as a major global business player—home to some of the world's most prestigious and profitable corporations and brands. It plans to get there not only by developing and nurturing homegrown companies able to compete with the best in the world, but by pursuing an aggressive strategy of mergers and acquisitions. This already is under way.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.