* Failed Tengzhong bid defied govt clean-energy policies * Govt more supportive of outbound clean energy, resource M&A * Govt exercising caution on high-profile inbound deals By Doug Young HONG KONG, Feb 26 (Reuters) - Beijing is taking a father-knows-best approach to mergers and acquisitions, weighing not only commercial considerations but also political and other factors as it chooses which deals to approve. The country's paternalistic approach to M&A was on display this ...
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