Bullish In The China Shop
2012 was a huge year for acquisitions by the Chinese. Helmed by the $15-billion buyout of Nexen Inc. CNOOC Ltd., spending by Chinese companies reached more than a quarter of global M&A in 2012. But the Nexen deal is old news, and the most recent deal with a U.S. company is a stake in Apache's Egyptian holdings. What's next for this nation of insatiable asset-buyers?