TOKYO -- U.S.-China trade tensions have sharply curtailed Chinese mergers and acquisitions overseas, giving Japanese players an opening for global deals, says John Waldron, president and chief operating officer of Goldman Sachs Group.
"So two to three years ago, we saw quite a lot of outbound Chinese M&A flow. That has substantially reduced," Waldron told Nikkei in a recent interview, adding that "we're not planning for that to start to come back any time soon." The drop-off stems from concern about China's economic outlook amid the trade war, as well as what amounts to a freeze on Chinese merger and acquisitions in America.
