CORRECTED-Outbound Chinese buyers confounding the doubters

April 2, 2015 5:11 AM

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HONG KONG, March 27 (Reuters) - ChemChina, which could soon face the task of integrating Italian tyre-maker Pirelli after its $7.7 billion bid, can take heart in the knowledge that Chinese buyers have made a decent fist of growing global brands in recent years.

Backed by cheap funding and a huge home market, an army of mostly state-owned Chinese companies has marched beyond its borders, snapping up assets in a decade-long $391 billion shopping spree.

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