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China on buying spree in Asia

From sbs.com.au

On Asia's biggest ever buying spree, China is set to take an even greater interest in potential mergers and acquisitions in Australia. So far in 2016, Chinese companies have announced acquisitions of corporate assets around the world worth $US117 billion ($A161.95 billion), says investment bank Credit Suisse. Of that, $US2.5 billion has been spent on Australian assets. But Credit Suisse expects that figure to increase. Potential Australian targets include Primary Health Care, Nufarm, Syrah Resources, and Treasury Wine Estates. "China is delivering the biggest cross-border acquisition spree in Asia's history and ... (full story)

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