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Firms in China also have massive state subsidies due to currency controls and bank funding requirements. In the 1980s Japan went on an international buying spr
by dforrestwilson1 10y ago
Firms in China also have massive state subsidies due to currency controls and bank funding requirements.
In the 1980s Japan went on an international buying spree only to see its economy crash in the late 80s/90s. Eventually even government supported economies crash, and when that happens Chinese companies may regret being so aggressively acquisitive.