Go easy on overseas assets

Many multinationals have seen their market value plummet since the global financial crisis broke out. Discussions over whether China should start buying up overseas assets at much cheaper rates through mergers and acquisitions (M&As) are becoming heated. But an article in www.china.com calls for discretion over such plans. Excerpts:

The call for Chinese enterprises to purchase "cheap" overseas assets started in 2007, when the US subprime mortgage crisis emerged, and became stronger after the global financial crisis broke out last year.

Advocates of such an idea include both domestic economic experts and those working for international investment banks.