Quotable

"Acquired technology is absolutely a different concept from technology gained through research and development."

Shau Zhang, partner of Ernst & Young's Americas Tax Leader of China Overseas Investment. He says Chinese companies need to learn from senior management of prestigious global players and use their experiences to come up with realistic solutions to achieve better results in overseas mergers.

"In many cases, the experience has been a very positive one for the German companies involved. The investors' strong financial footing has helped them safeguard jobs and production capacities, advance the development of their technologies and gain access to the Asian market."

Professor Isabell Welpe, Technische Universitat Munchen's chair for Strategy and Organization, saying that acquisitions by Chinese companies do not pose a threat. TUM and the Munich Innovation Group found in a recent study that more than 75 percent of Chinese investors chose to strengthen German research and development departments instead of relocating them to Asia after their takeovers of German firms.

"We'll continue to look at how we can bring those barriers down. Some of them need to be addressed at the national level by our federal government, but we'll do what we can to make it easier for direct investment in our state."

Governor of Iowa Terry Brandstad at the Second China-US Governors Forum in which visiting governors from the states of Iowa, Wisconsin and Virginia welcomed Chinese investors and expressed hopes that the two nations can increase cooperation.

(China Daily 04/19/2013 page14)