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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (19353)	12/22/2004 3:46:24 PM
From: RealMuLan	Respond to of 116555

Bracing for Chinese buying spree By Le-Min Lim Bloomberg News Thursday, December 23, 2004 Stronger yuan is expected to foster purchase of global assets BEIJING Lenovo Group of China may save tens of millions of dollars from an expected gain in the Chinese yuan next year when it completes its $1.25 billion purchase of International Business Machines' personal-computer unit, the biggest-ever overseas acquisition by a Chinese company. ... Overseas acquisitions by Chinese companies surged 99 percent to $3 billion in the year to Dec. 20 from the same period in 2003, according to data compiled by Bloomberg ... iht.com