From a restaurateur in Beijing’s university district:
“It’s a little early to tell for us because the Chinese New Year is always a slow period and we’ll have to wait until mid- or late March before we can really compare with numbers from previous years. Early indications suggest that sales are down by about 5%. I believe that because we do business in a student area, we’re insulated from shocks because of a steady flow of students and young people whose consumption is fueled by parental education dollars.”
An Australian M&A lawyer who specializes in resources-related deals:
“In an ideal world, you would think business would be better [in the current acquisitive climate] but the other thing to recognize is that commodity prices have gone down below the acceptable rate for projects to be developed. If prices reach a level at which it does not justify some projects you lose business because there is no M&A to be done. It’s probably fair to say this would increase the bargaining power for foreign investors. The question is when are they really going to start pressing the button. A number of investments are ripe for picking. When will they swoop in and take them?”
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