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Budget 2017: Massive round of global M&As expected from Chinese majors
Feb 02: The paper predicts a massive round of round of global M&As by the Chinese super giants in the face of falling domestic output.
8While the Chinese will be more risk-conscious they are also expected to be more aggressive as they benefit from substantial state support.
8China’s NOCs are setting their sights on assets that they hope will be cheaply valued in Iran, Brazil, and Africa. CNPC chairman Wang Yilin announced in March 2016 that his company is considering expanding its presence in Russia and Iran, while CNOOC is reportedly looking to purchase Petrobras’ petrochemical company Braskem.
8This is a must-read document for policy planners in India. 
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