China plans M&As in key sectors: CNR report
Updated: 2012-10-29 17:01
By Li Jiabao (chinadaily.com.cn)
China National Radio cited sources within the National Development and Reform Commission, China's top economic planning body, as saying that this year and next will be a key period for M&As and that the State Council had told nine ministerial bodies, including the NDRC and the Ministry of Finance, to draft up specific policies.
CNR added that the State-owned Assets Supervision and Administration Commission will put effort into paving the way for M&As, and measures could include clarifying development strategies, improving the efficiency of combined businesses, and increasing the number of cross-border M&As.