Wednesday, July 30, 2008

New York Times - Strunked

July 29, 2008 - "A Bumpy Road to a New Era of Chinese Deal-Making"

"The Olympics have taken nine years of planning to get off the ground, but the road to draft, pass, and enforce China’s anti-monopoly law has taken an astounding 14 years. The new law shifts power on M&A approval and enforcement away from local governments to the central government in Beijing. Now all M&A transactions, foreign and domestic will be reviewed by bureaucrats in the capital".

STRUNKED - where else is a shift "from" going, but away from something or someone....

Correction
: "The new law shifts power on M&A approval and enforcement from local governments to the central government in Beijing".

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