At a recent Merrill Lynch dinner economist TJ Bond pointed out that in the US and Europe people were taken aback by the global economic crisis, frequently comparing it to the Great Depression, but in Asia cooler heads prevail, as the region has experienced similar events in the very recent past. That brighter outlook is particularly prevalent on the outbound mergers and acquisitions frontier in China.
MA activity frequently reflects the stock market - when markets are up the pipeline for merger deals grows. And that's what we're seeing now. With the Hang Seng index generally moving upward since the end of February -- and the CSI...
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