In recent years, the scale of the overseas mergers and acquisitions market of Chinese enterprises has expanded rapidly, the compound annual growth rate and the number of transactions have also been increasing, and more and more enterprises have begun to go out and buy.

In contrast, my country's machine tool industry has been relatively calm in overseas mergers and acquisitions. Although there are occasional acquisitions, the overall scale and asset value are also low. Why?

In fact, more than ten years ago, Chinese machine tool companies also had a history of crazy "buy, buy, buy". Large machine tool companies including Shenyang Machine Tool, Dalian Machine Tool, Qinchuan Machine Tool, etc. have gone to sea one after another, setting off a wave of domestic production. The upsurge of overseas mergers and acquisitions of machine tool companies. However, this boom did not last long, but gradually returned to calm with the development of my country's machine tool industry.

In the first ten years of the 21st century, due to the dividends of the rise of China's manufacturing industry, Chinese machine tools have experienced production capacity expansion, price wars, and extensive development stages. Some machine tool companies have a strong capital base. These companies began to eagerly hope to gather strength to expand their market share and enter the global market competition. As a result, machine tool companies represented by state-owned enterprises started their overseas restructuring and mergers and acquisitions.