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Chinese firms spent a record $45.6 billion on acquiring foreign firms the last year.

Chinese Firms Opt for Insurance Against Foreign Deals Veto : Report

Jan 13, 2017 01:51 AM EST

China witnessed sharp increase in its overseas investment in 2016. The Chinese firms spent a record $45.6 billion on acquiring foreign firms the last year. The surge in the acquisition volume led to resistance from foreign countries, leading to the breakdown of some very prominent deals.

China's Official Guesthouse Takes Philips to Court Over Deceptive Advert

Benjie Batanes |

Jul 22, 2015 02:27 PM EDT

The Chinese government's guesthouse has filed a lawsuit against Dutch firm Philips in Beijing on Tuesday. The suit alleges that Philips posted advertisements claiming that some of its products were used in the guesthouse, when in fact it is not.