chapter  8
6 Pages


China has created an economic miracle since the reform and opening-up policies were adopted in 1978. Its emergence as a world economic power at an incredible speed has changed international trade and investment globally. While the world economy faced an unprecedented global crisis in 2008 and is still recovering from its ripple effect, ‘The global economic crisis witnessed the rapid growth of international investment activity by government owned or controlled firms.’1 China had a sizeable share of this government-driven international merger and acquisition activities.2 Its economy remains strong amid the changing environment of the global economy despite having some challenges.