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传统的外商对华直接投资是通过设立三资企业来完成从投资设厂、生产经营到回收投资这一完整的商业活动过程。近年来，收购与兼并这一当代西方世界流行的资本扩张及运营的方式，随着中国改革开放的深入，也引入中国。国有企业的改革和传统外商投资企业的改组和出售为外商的购并
Traditional foreign direct investment in China is through the establishment of foreign-funded enterprises to complete the investment from the factory, production and management to recover the investment of this complete business process. In recent years, the popular capital expansion and operation methods of acquisition and merger in the contemporary Western world have also been introduced into China with the deepening of China’s reform and opening up. The reform of state-owned enterprises and the reorganization and sale of traditional foreign-invested enterprises are foreign acquisitions