Ｇｌｏｂａｌ Ｃｈａｍｐｉｏｎｓ ｉｎ Ｗａｉｔｉｎｇ

In recent years， Chinese companies have accelerated their global activities in line with China's ascent as a major economic power. While some Chinese companies globalize organically， many oth-ers have pursued mergers and acquisitions (MA) to accelerate their global presence. High-profile deals such the SAIC's 50.6% acquisition of Korea's Ssangyong in 2004， Nanjing Auto Group purchased British auto company MG in 2006， and more re-cent Geely Automobile Holdings acquire' Australia's Drivetrain Systems Interna-tional， or DSI， the world's second largest auto transmission supplier in 2009， haw introduced the world to a new generation of Chinese companies with aspirations to be global competitors. Under the circumstance of global financial crisis， as vehicles sales slump and companies burn through cash， many players in automobile industry are confronting cost pressure and fighter access to credit. As a result， many distressed assets are potentially up for sale.This also means opportunities for Chinese automobile play- ers with international expansion to jump onto the global stage.