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Synopsis If exporters raise dollar prices in response to the yuan’s rise, that could hurt demand for their goods, but if they accept lower profits, they won’t have the money to invest in new capacity. iStock What will take longer to recover are the problems in the global logistics industry, which exporters expect to last for most of 2021. Clark Feng saw export orders for the garden furniture, swings and tents he sells out of China surge 70% last year as lockdowns and social distancing fueled demand. But he s not happy about it. “The more you sell, the more you lose money, what’s the point?,” said Feng, who owns trading company Vita Leisure Co. in the city of Linhai in eastern China. “I don’t know who says we are beneficiaries. We are victims!” ....
(Bloomberg) In a challenging year for Chinese companies pursuing acquisitions abroad, Latin America emerged as a region where they were able to make some corporate marriages work.Overseas acquisitions by Chinese firms are heading for their fourth consecutive yearly decline, with a $31.1 billion tally that’s the lowest since 2007, according to data compiled by Bloomberg. Transactions targeting Latin America totaled $7.7 billion, more than Europe and North America combined.Chinese suitors have met heightened scrutiny in Europe and the U.S. this year as the pandemic left their strategic industries vulnerable for hostile takeovers, adding to national security concerns. Buyers from Asia’s largest economy then turned their focus on Latin America, where years of political and social uncertainty have prompted some other foreign firms to leave.“That’s opened a once-in-a-lifetime window of opportunity for long-term strategic investors from China,” said Alfred ....
(Bloomberg) In a challenging year for Chinese companies pursuing acquisitions abroad, Latin America emerged as a region where they were able to make some… ....