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Updated: 2013-04-19 08:21

(China Daily)

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"Acquired technology is absolutely a different concept from technology gained through research and development."

Shau Zhang, partner of Ernst & Young's Americas Tax Leader of China Overseas Investment, who worked on Dalian Wanda's milestone acquisition of AMC Entertainment in 2012. He says Chinese companies need to learn from senior management of prestigious global players and use their experiences to come up with realistic solutions to achieve better results in overseas mergers.

Quotable

"We'll continue to look at how we can bring those barriers down. Some of them need to be addressed at the national level by our federal government, but we'll do what we can to make it easier for direct investment in our state."

Governor of Iowa Terry Brandstad at the Second China-US Governors Forum in which visiting governors from the states of Iowa, Wisconsin and Virginia welcomed Chinese investors and expressed their hopes that the two nations can increase cooperation in agriculture, trade, culture and education. Governors expressed a willingess to share their experiences in addressing issues like food safety and environmental protection.

(China Daily 04/19/2013 page14)

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