Photographs: Nir Elias/Reuters
China's overseas investments totaled $87.8 billion in 2012, up 17.6 per cent from 2011, making it the world's third-largest investor behind the US and Japan, according to Reuters. China, the fastest-growing economy in the globe, has been acquiring everything from car companies, oil giants to farmlands to feed its increasing demand.
Let's take a look at some of the biggest acquisitions carried out by Chinese companies in recent years.
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16 major foreign acquisitions made by Chinese companies
Photographs: Todd Korol/Reuters
Cnooc-Nexen deal
Total amount: $15.1 billion
Industry: Energy
Year: 2013
Cnooc, one of China's biggest oil companies, acquired Nexen, a Canadian oil giant, in February 2013 for $15.1 billion. The deal is China's biggest foreign acquisition.
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16 major foreign acquisitions made by Chinese companies
Photographs: Gleb Garanich/Reuters
Xinjiang Production and Construction Corporation-KSG Agro
Total amount: $3 billion
Industry: Agriculture
Year: 2013
Xinjiang Production and Construction Corporation, an economic and semi-military governmental organisation, has signed a deal to acquire three million hectares, or five per cent of Ukraine's total land, for about $3 billion. KSG Agro, a Ukrainian agricultural company, has partnered with the Chinese firm. The Ukraine government, meanwhile, denies selling three million hectares to Chinese firm.
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16 major foreign acquisitions made by Chinese companies
Photographs: Mohamed Nureldin Abdallah/Reuters
China-Sudan
Total amount: N/A
Industry: Agriculture
Year: 2010
China signed a deal with the Sudanese government in 2010 to acquire 400,000 hectares of farmland to grow various crops. The amount is not known.
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16 major foreign acquisitions made by Chinese companies
Photographs: Pavel Mikheev/Reuters
China National Petroleum Corporation-PetroKazakhstan
Total amount: $4.2 billion
Industry: Energy
Year: 2005
China National Petroleum Corporation, one of China's biggest energy companies, bought PetroKazakhstan, an oil major in Kazakhstan, for $4.2 billion in 2005.
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16 major foreign acquisitions made by Chinese companies
Photographs: Andrew Burton/Reuters
China Investment Corporation-Morgan Stanley
Total amount: $5.6 billion
Industry: Banking
Year: 2007
China Investment Corporation, a Chinese sovereign wealth fund, acquired 9.9 per cent stake in Morgan Stanley, one of the world's biggest banks, for $5.6 billion in 2007.
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16 major foreign acquisitions made by Chinese companies
Photographs: Stringer/Reuters
Aluminum Corporation-Rio Tinto
Total amount: $14.3 billion
Industry: Mining
Year: 2008
Aluminum Corporation, a Chinese company, acquired a 12 per cent stake in Rio Tinto, an Australian mining giant, for $14.3 billion in 2008.
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16 major foreign acquisitions made by Chinese companies
Photographs: Jason Lee/Reuters
Industrial & Commercial Bank of China-Standard Bank Group
Total amount: $5.5 billion
Industry: Banking
Year: 2008
Industrial & Commercial Bank of China, one of the biggest banks in the country, bought a 20 per cent stake in Standard Bank Group, one of South Africa's financial institutions, for $5.5 billion in 2008.
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16 major foreign acquisitions made by Chinese companies
Photographs: Bobby Yip/Reuters
China Merchants Bank-Wing Lung Bank
Total amount: $4.7 billion
Industry: Banking
Year: 2008
China Merchants Bank, the sixth-largest Chinese lender by assets at that time, acquired Wing Lung Bank, a Hong Kong-based bank, for $4.7 billion in 2008.
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16 major foreign acquisitions made by Chinese companies
Photographs: Stringer/Reuters
China Petrochemical Corporation-Addax Petroleum
Total amount: $7.3 billion
Industry: Energy
Year: 2009
China Petrochemical Corporation, a state-owned company, bought Addax Petroleum, a Swiss energy firm, for $7.3 billion in 2009.
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16 major foreign acquisitions made by Chinese companies
Photographs: Todd Korol/Reuters
China Petrochemical-Syncrude Canada
Total amount: $4.7 billion
Industry: Energy
Year: 2010
China Petrochemical, Asia's largest oil refining and petrochemical enterprise, acquired a 9.3 per cent stake in Syncrude Canada, an oil and gas company based in Canada, for $4.7 billion in 2010.
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16 major foreign acquisitions made by Chinese companies
Photographs: Andrea Comas/Reuters
China Petrochemical-Repsol
Total amount: $7.1 billion
Industry: Energy
Year: 2010
China Petrochemical bought a 40 per cent stake in Repsol's Brazilian offshore-oil unit for $7.1 billion in 2010.
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16 major foreign acquisitions made by Chinese companies
Photographs: Sean Yong/Reuters
China Petrochemical-Petrogal Brasil
Total amount: $4.8 billion
Industry: Energy
Year: 2012
China Petrochemical acquired Brazilian company Petrogal Brasil for $4.8 billion in 2012 to feed its growing energy needs.
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16 major foreign acquisitions made by Chinese companies
Photographs: Toru Hanai/Reuters
Lenovo-IBM
Total amount: $1.75 billion
Industry: Personal computers
Year: 2004
Lenovo, the Chinese computer giant, bought personal computer business of IBM, the pioneer of PCs, for $1.75 billion in 2004.
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16 major foreign acquisitions made by Chinese companies
Photographs: Denis Balibouse/Reuters
Zhejiang Geely Holding Group-Ford Motors
Total amount: $1.8 billion
Industry: Automobiles
Year: 2010
Zhejiang Geely Holding Group, a Chinese conglomerate based in Hangzhou, acquired Volvo from Ford, one of the world's biggest auto manufacturers, for $1.8 billion in 2010.
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16 major foreign acquisitions made by Chinese companies
Photographs: Wt90401/Wikipedia Commons
Dalian Wanda Group-AMC Entertainment
Total amount: $2.6 billion
Industry: Entertainment
Year: 2012
Dalian Wanda Group, a Chinese conglomerate, acquired AMC Entertainment, a movie theatre chain based in the United States, for $2.6 billion in 2012.
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16 major foreign acquisitions made by Chinese companies
Photographs: Rich-Joseph Facun/Reuters
Shuanghui International Holdings-Smithfield Foods
Total amount: $4.72 billion
Industry: Food
Year: 2013
Shuanghui International Holdings, a Chinese company based in Hong Kong, acquired Smithfield Foods, the world’s largest hog and pork producer, for $4.72 billion in 2013.
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