China has been hungry to power its country for more than 1.3 billion residents, and takeouts of commodity-related companies is one way to fill its tall energy order.

We told you about one merger and acquisition (M&A) deal out of China. Last year, Sinopec acquired Canadian energy company Daylight Energy for $2.1 billion in cash, a whopping 120 percent premium to Daylight’s share price prior to the announcement. With this purchase, Sinopec gains access to more than 300,000 acres rich with oil and natural gas.

It’s no secret that China has been increasingly relying on imports of crude oil, natural gas and coal, but the country has been actively seeking other means to acquire these commodities. A growing grab for global resources has encouraged “Chinese domestic entities to acquire overseas resource assets, especially in geopolitically more stable regions” says BCA Research.

This Chinese takeout development has been on the rise over the past decade, according to BCA. The number of overseas acquisitions—most of which have been in commodity-related sectors—has climbed from only a few in 2000 to more than 300 in 2011. Total deal value per year has also grown substantially, from about $1 billion in 2000 to almost $60 billion last year.

China Overseas Merger & Acquisitions

Years ago, China did not have a global footprint, but

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