Chinese M&A Down But Absolutely Not Out

As CFW this week examines the likely consequences of the abandonment of the Rio Tinto/Chinalco tie up, including the likelihood that Chinese firms will temporarily shun outbound mega-deals, the focus is naturally on Chinese outbound deal volume. However, a recent report from leading Asian asset management company Mirae Asset Global Investments underlines CFW's view that any retrenchment will be short lived, while also arguing that now is the time to invest in China. In the short term, Byung Ha Kim, Associate Director at Mirae Asset argues that 'China has one of the world's strongest balance sheets and its...US$575bn stimulus package

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