Times have changed. Now China's Ministry of Commerce have begun to rule on Mergers & Acquisitions between Non-Chinese companies, Pfizer-Wyeth and GM-Delphi. Even if you are non-Chinese and are contemplating merging with another non-Chinese company, you better go seek Chinese antitrust approval, as you would with similar authorities in the US and EU.
China sets tough terms on foreign M&A deals
By Sundeep Tucker in Hong Kong
Published: September 30 2009 18:02 | Last updated: September 30 2009 18:02
Chinese antitrust authorities showed further willingness to use new powers to probe global deals by imposing tough conditions in clearing two high-profile mergers and acquisitions.