Professor Peter Williamson talks about the new approach Chinese companies are taking in their acquisitions of foreign companies.
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Instead of buying larger companies, often those in poor health, they are now acquiring smaller firms with innovative strategies, promising technology and strong R&D capabilities (especially in Europe). This new trend is set to change the global competitive landscape forever. Today’s value-added products and services and niche market segments will no longer be immune from Chinese competition and Western companies will need to respond before it’s too late.