Posted AT 9:00 AM EST on 23/11/08
Crisis could benefit Chinese bargain hunters
BARCELONA — Chinese companies are shopping for companies in Europe and around the world, undeterred by the global financial crisis. In fact, they are hunting for bargains.
Analysts and business leaders say the economic meltdown that has pummelled global stock markets may be bad news for the West, but it could be a boon to Chinese companies flush with cash and looking for places to put it – despite being burned on earlier investments.
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