The Chinese steel industry just soldered together more of its competition.  Panzhihua Iron & Steel, which was already a major player in the steel industry, became that much larger with its purchase of PZH Steel. A Complex Deal The new…

ChinaTrust Financial Holding Co., the owner of the largest credit card issuer in China, is looking at potential takeover possibilities to further consolidate what has been an excellent growth business in China. The Initial Steps The board voted to approve…

The yen is strong – almost too strong – to allow its companies to compete with foreign companies.  A stronger yen means exports are more expensive, and many firms are cutting back on their Japanese purchases or looking for other…

In a direct contradiction to China’s merger and acquisition policy of 2007 and 2008, China National Offshore Oil Corporation (CNOOC) declared that it would not be seeking any new oil acquisitions until the financial crisis ebbs. The company would instead…