China is due for a massive correction in the economy. Debt driven growth has reached saturation and from now on, we will see a lot of deleveraging and money being printed (ie. QE) to prevent deflation.
Acquisitions is one of the best ways to swap depreciating Yuan assets (to use as collateral) and turn them into foreign assets. As the likelihood that CNY will devalue increases, you will see more and more of these desperate deals.