Notice of RetractionChallenges and Countermeasures of China´s Outbound M&A in the Financial Crisis

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

Just a few years ago, Chinese companies had been the top acquisition targets of foreign investors. Now, many of them are buyers. The total value and number of overseas investments made by domestic enterprises in the last 12 months defined 2008 as a landmark year for Chinese outbound M&A. This trend stems from the need to acquire new markets, technology, know how, brand recognition and other capabilities from abroad faster than they can be developed domestically. It is also being encouraged by steps the Chinese Government is taking in recognition that failure to acquire these missing elements could slow down China´s rapid economic pace. However, acquisition of foreign businesses presents many new challenges for Chinese companies. This article starts with analyzing the motives and performance for Chinese outbound M&A and focuses mainly on elaborating the challenges for them in order to figure out the countermeasure for their future success.