Passage 4
The economic phenomena of the Barbie doll helped explain the reason why an increasing number of Chinese enterprises purchase well-known brands overseas. Like the recent case of a Chinese enterprise purchasing the Volvo.
The viewpoint held by Taodong, economist from UBS, is frequently borrowed by Chinese government officials and enterprises. Tao claimed that the price of a plastic Barbie doll is , from which Chinese manufacturers could only gain 35 cents The lesson we could learn from this case is that it is brand that can bring profits, not "working" for overseas enterprises.
The large-scale overseas M&A of China are mostly carried out by state-owned business, and their main targets are mine and oil fields, by which the raw materials of the fast-developing economy of China could be assured. On the other hand, a trend has began several years before-in hope of catching up with international competition, the ambitious private-run businesses are busy purchasing overseas brands. However, analysts indicated that this fast-developing trend would probably -lead to the overseas rebound. Moreover, because those requiring enterprises lack experience of international M&A, it would cost an arm and a leg.
"Many Chinese enterprises have ranked in the list of Fortune 500, and they wish to continue improving their fame world-wide. He Yuxin, an analyst of Long Zhou Jing Financial Research and Consulting Institution said.
For the past 10 years, China has been encouraging its enterprises to "go global fearlessly" and to realize the Economic Diversification. The statistics data given by Chinese Commerce Department showed that from 2007 to 2008, Chinese investments abroad had more than doubled, reaching 55. 9 million dollars.
The tide of merging in China reminds people of Japan in the1980s. At that time,the Japanese's purchase of "Pebble Beach" Golf Course in California and Rockefeller Center in NY stirred up American's unrest-they feared that Japan would rule the world.
Similar resist also impediment some large-scaled M&a deals. Disputes exist about whether China will commit the same mistake as Japan. Huo Jianguo, dean of the College of International Trade and Economic Coorporation of Chinese Commerce Department said that Chinese government would continue objecting strongly to M& deals in sensitive industries such as oil enterprises.“However," he said,if the project is based on mutual reciprocity and profits, and meantime drives local employments and tax income, it will surely be accepted and promoted.
Cash-starved enterprises give warm welcome to Chinese investers and mergering proposals. General Motors lapped at selling its Hummer to Teng Zhong Industry Coorporation in Sichuan province, China. Chinese government however, rejected the deal.
Chinese government is cautious towards international acquisition.
A、True
B、False
【正确答案】：A
【名师解析】:题目要求判断的是关于中国政府对国际并购的态度。根据文章内容，中国政府对于国际并购持谨慎态度，特别是对敏感行业的并购。例如，中国商务部的院长胡江国表示，中国政府将继续强烈反对在敏感行业如石油企业的并购。然而，如果项目基于互惠互利，并且同时促进当地就业和税收，那么这样的项目将被接受和推广。此外，中国政府对通用汽车出售悍马品牌给四川省腾中重工的交易持反对态度。这些信息表明中国政府在国际并购方面确实持谨慎态度。因此，题目的答案是正确的，即选项A.True。
