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从1992年到2000年间,企业购并经历了一波前所未有的盛景。如果有人在十年前说,2000年全球购并市场将成长至3.7万亿美元,没有人会相信。但自2000年起,美国的购并活动从高点跌了60%～70%之多;同时,中国正迅速崛起。展望2003年,中国的企业购并将较2002年获得更大成长,未来的成长更不可限量。中国购并市场将有三大动力:一、产业合并。中国各产业的分布极为分散,连各产业的
From 1992 to 2000, mergers and acquisitions experienced a wave of unprecedented victories. If someone said a decade ago that the global M & A market will grow to 3.7 trillion U.S. dollars in 2000, no one will believe it. However, since 2000, U.S. mergers and acquisitions fell 60% to 70% from their highs; at the same time, China is rapidly rising. Looking forward to 2003, China’s corporate mergers and acquisitions will get more growth than in 2002, and their future growth will be even more limited. China’s merger and acquisition market will have three major driving forces: First, the industry consolidation. The distribution of various industries in China is extremely fragmented, even in industries