China calls for creating sound environment for normal M&A

BEIJING - China on Tuesday called for objective and fair view of overseas M&As by Chinese companies and "a reasonable and transparent business environment for them."

"Such normal business behavior should be granted fair treatment," said Hong Lei, spokesman for the Ministry of Foreign Affairs, when asked to comment on overseas M&As by Chinese companies.

According to media report, Chinese appliance giant Midea moved a step closer to acquiring German industrial robotics firm Kuka by raising its stake to a near majority.

As the Chinese economy and companies grow in strength, overseas M&As have become an important sign of internationalization of Chinese companies, Hong Lei said.

Both Chinese and foreign companies have chosen M&As, Hong said, adding that M&As help foreign and Chinese companies complement one another's advantages and contribute to social and economic development.

He said the Chinese government will continue to create a good environment for overseas mergers and acquisitions (M&A) by Chinese companies through bilateral mechanisms on investment and economic cooperation.