BUSINESSWEEK ONLINE : JANUARY 29, 2001 ISSUE
INTERNATIONAL BUSINESS Behind the M&A Boom CHALLENGES - As China prepares to join the WTO, its inefficient companies are ill-prepared for foreign competition - Too many players are chasing too few customers in such industries as airlines and electronics - Overcapacity in such sectors as television manufacturing and auto parts is sparking price wars SOLUTIONS - Beijing is encouraging--and in some cases forcing--mergers with low-interest loans and quick approvals - Chinese companies increasingly are being allowed to buy their rivals and even foreign companies' local operations - The government is abandoning its long-standing resistance to foreign takeovers in nonstrategic sectors _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _					RELATED ITEMS A Buying Binge in China TABLE: Behind the M&A Boom INTERACT E-Mail to Business Week Online

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