After affiliation to WTO in 2001, Chinese economy has shown rapid growth. However, to deal with trade friction, Chinese government has been encouraging foreign direct investment and supporting Chinese companies to advance into overseas market. This article reports a case study of M&A in which Chinese solar energy company Shangde merged Japanese MSK company. The data was collected in interviews at Shangde in October 2007. As a conclusion, the case of M&A shows a transition of global economic situation that is lead by China, and that Chinese enterprises pay attentions to Japanese technology, brand images and market.
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