改革开放25年,中国市场经济化程度不断提高,市场经济体系、框架已经基本搭建成功。历史的经验告诉我们,中国经济开始进入一个大并购时代。笔者之所以敢下此论断,理由如下:企业并购多发生在经济转型期、动荡期(包括过热经济降温期)。现在中国经济处于向市场经济的转型期,已经适应市场经济经营的企业可以并购那些还在计划经 In the 25 years since the reform and opening up, the degree of market economy in China has been continuously improved. The market economy system and framework have basically been built successfully. Historical experience tells us that China’s economy has begun to enter a era of M & A. The reason why I dare to make this conclusion, the reasons are as follows: Enterprise mergers and acquisitions occurred in the transitional economy, turbulent period (including overheated economic cooling period). Now that the Chinese economy is in a transitional period to a market economy, enterprises that have adapted themselves to the market economy can acquire those still under planning