To the ruler, the people are heaven; to the people, food is. So goes a Chinese proverb. The appetite of China’s companies for cross-border deals contrasts with a regulatory reluctance to approve them. That partly explains why the volume of regional mergers and acquisitions by Asian companies, outside Japan, fell more than half last year, according to Mergermarket data.
中國有句古話說：王者以民爲天，而民以食爲天。中國企業對跨境併購的興趣與監管部門不願批准的情況形成鮮明對比。Mergermarket的數據顯示，這在一定程度上解釋了爲什麼亞洲（不包括日本）企業的地區併購額在去年下降了一半以上。
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