ChemChina, which could soon face the task of integrating Italian tire-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.
Their record in the resources field is likely to be patchy, thanks to a slump in commodity prices, but the outcome elsewhere is much more encouraging.
For non-resources companies, Reuters reviewed China's 25 biggest overseas acquisitions of three years or older to determine the evolution of share price, revenue and margins. For seven of the deals there was insufficient information because either the target, the acquirer or both were unlisted.