According to the Chapter 7 Strategic Focus, China's recent approach to acquisitions has been to focus on hard assets (e.g., mineral deposits or R&D facilities) instead of established branded products because
a. China's initial acquisition activities in branded products was highly successful and it wanted to apply those successful techniques to hard assets that would create more value for Chinese firms.
b. hard assets around the world had appreciated rapidly and China wanted to take advantage of that appreciation.
c. China's currency had depreciated relative to currencies in developed countries making acquisition of hard assets in those countries cheaper.
d. it did not always have the managerial capability to realize successful performance of branded products.
Answer: it did not always have the managerial capability to realize successful performance of branded products.