CRI听力:Record Year Expected for China's Outbound M&A

The undated photo suggests mergers and acquisitions by Chinese companies are expanding overseas. [Photo: gasgoo.com] 

A new report is suggesting outbound mergers and acquisitions by Chinese companies are going to set another record this year, as well as be more diversified.

A Chinese government-backed think tank based in Beijing is suggesting the current global economic slowdown is offering a significant opportunity for Chinese companies to purchase overseas assets.

The analysis is suggesting virtually any industry could be a target for Chinese companies.

Government figures are already pointing to a sharp increase in outbound Chinese investment, with some 55-billion US dollars worth of Chinese investments already being made overseas so far this year.

For more on this, CRI's Spencer Musick spoke earlier with John Ross, senior fellow with the Chongyang Institue for Financial Studies at Renmin University.