date:Oct 13, 2012
access to these areas is the main motivation behind the recent boom of Chinese investment, says Xu Qinghua, head of China business services at accounting firm Ernst Young in France.
Unlike the case of Bright Food, Synutra adopted a gradual and less aggressive approach. Its investment is not targeted at owning control of a foreign company. Instead, the partnership focused on building facilities and opening the Chinese market, Xu says.
Being a private company also gave Synutra an advantage as t