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海外并购是对外直接投资的一个重要方式,是指一国企业通过取得另一国企业的全部或部分资产(或股份),对其经营管理实施一定的或完全控制的行为。海外并购的发展阶段中国对外直接投资起步较晚,在早期(上世纪80年代),投资方式以新建为主,海外工程承包和劳务输出为投资的主要形式。进入上世纪90年代,中国对外直接投资迅速发展,而海外并购也逐渐成为中国企业对外投资的重要方式。我们可以把中国企业海外并购的发展过程分为两个阶段,他们对应着中国对外直接投资
Overseas M & A is an important means of direct foreign investment. It refers to the act of some or all of the assets (or shares) of a state-owned enterprise of another country being taken over its operation and management to exercise certain or complete control over it. Development stage of overseas mergers and acquisitions China’s OFDI started relatively late. In the early days (in the 1980s), the main mode of investment was new investment, overseas engineering contracting and labor export. In the 90s of last century, the rapid development of China’s foreign direct investment, and overseas mergers and acquisitions has gradually become an important way for Chinese enterprises to invest abroad. We can divide the development process of overseas mergers and acquisitions of Chinese enterprises into two stages, corresponding to China’s foreign direct investment