Grant Thornton: UK companies shy away from China
Massive drop in UK M&A activity in China
British businesses spent just £9.4m on seven Chinese companies in the six
months to June 30, a new survey by
Grant Thornton has found.
This has seen the UK drop from second to 13th place since 2005 in the league
table of economies buying mainland Chinese companies, the firm found.
In 2005 UK companies spent $4.5bn on 15 companies in 2005, with RBS investing
$3.1bn for a 10% stake in
Bank of China.
Sweden, Finland and the Philippines all made a greater volume of Chinese
acquisitions than the UK in the first half of this year.