Quotable

"Most of the Chinese buyers have a strategic goal for their outbound acquisitions. The China M&A market has seen the emergence of experienced acquirers. They have become more confident in their ability to fund, execute and integrate multibillion-dollar deals."

Brian Gu, co-head of M&A Asia-Pacific at JPMorgan Chase & Co. China's outbound M&As reached $96 billion in the first four months of this year, surpassing the total 2015 transaction volume of $59 billion and representing more than a fivefold increase on the first four months of last year, according to JPMorgan.

"The public attitude toward foreign agriculture investments will change once they see more and more investors are making contributions to the local economy and communities."

Wen Qingnan, president of Tianyu Wool Industry Co in Jiangsu province. The company bought Lal Lal sheep farm in Australia's Victoria state in 2014 and plans to build shelters for newborn lambs inside an unused hayshed to help boost survival rates by as much as 40 percent.

(China Daily Africa Weekly 06/17/2016 page26)