Even though China and the United States function on two completely different forms of government, a close business relationship still exists between the two countries. The U.S. relies heavily on immense Chinese production and snatches up a large percentage of exports, while China benefits from relaxed American business law and economic options. Recently, the tide has shifted to Chinese companies that invest in the United States, and a new deal has broken the financial record for an Asian purchase.
AMC Entertainment Holdings, popular for its chain of American movie theaters, will be purchased for $2.6 billion by Chinese conglomerate Dalian Wanda Group Company. It is the largest ever acquisition of a U.S. business by a Chinese corporation, and the deal reflects the current state of business between the two superpowers.
“As the film and exhibition business continues its global expansion, the time has never been more opportune to welcome the enthusiastic support of our new owners,” said AMC CEO and president Gerry Lopez in a press release. “Wanda and AMC are both dedicated to providing our customers with a premier entertainment experience and state-of-the-art amenities and share corporate cultures focused on strategic growth and innovation.”
Mergers and acquisitions like the AMC deal are partially sparked by lenient laws enforced by the U.S. government. For example, Reuters reported that Chinese companies can now skip negotiations with Wall Street executives and communicate directly with the U.S. Department of the Treasury when seeking to buy government debt. Though controversial, business breaks like this can provide incentives to Chinese businesses that may not otherwise be interested in such a deal.
With such a surge in business between the two nations, it’s possible that many companies will be utilizing legal recruitment to find hundreds of law professionals. At Kinney Recruiting, our attorney headhunters can help you find a foreign placement in China or a domestic position in the United States. In the event of a relocation, we can provide a variety of valuable information on your new residential area, and can help you settle in as comfortably as possible.
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