罗兰贝格：中企跨境并购增加 更深度融入全球产业链

Core Insights - The report by Roland Berger highlights that the diversification and cross-regional nature of cross-border mergers and acquisitions (M&A) will drive Chinese companies deeper into the global supply chain, accelerating their internationalization efforts [1] Group 1: Cross-Border M&A Trends - In the first half of 2025, Chinese companies announced a total M&A value of approximately $20 billion, reflecting a nearly 80% year-on-year increase, indicating a more proactive approach to overseas acquisitions and local operations [1] - The report emphasizes that while there are risks associated with going abroad, the risks of not internationalizing are greater, as exporting through international trade faces challenges such as tariffs, anti-dumping measures, and antitrust issues [1] Group 2: Capital and Industry Integration - The acceleration of capital going overseas is leading to the integration of supply chains, with the impact of overseas M&A extending beyond sectors like automotive parts and new energy to include traditional industries such as construction and consumer goods [1] Group 3: Challenges and Strategic Adjustments - Chinese companies face uncertainties when expanding internationally and need to establish a dynamic adjustment mechanism to respond agilely, which raises the requirements for their internationalization investments and capabilities [1]