China passes US in out­bound M&A

China Daily (Canada) - - NEWS CAPSULE -

China has sur­passed the US as the largest source of out­bound merg­ers-and-ac­qui­si­tion ac­tiv­ity as a built-up main­land looks for other in­vest­ment op­por­tu­ni­ties over­seas.

Ac­cord­ing to Dealogic, in the first nine months of the year, the to­tal value of merg­ers and ac­qui­si­tions (M&A) by Chi­nese com­pa­nies jumped 68 per­cent year-on-year to $173.9 billion. It was the first time China has done more deals than the US. Dealogic said the US had been the top cross-bor­der ac­quirer since 2008.

An­a­lysts said a slow­down in do­mes­tic growth due to a main­land econ­omy that is em­pha­siz­ing ser­vices and con­sump­tion over man­u­fac­tur­ing ex­ports, and a de­pre­ci­at­ing cur­rency that could make fu­ture deals more ex­pen­sive are help­ing to spur the Chi­nese shop­ping spree.

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