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There were 6,177 merger and acquisition deals in China in the first half of this year, an all-time high and up 11 percent from the level at the end of the second half of last year, but their value dropped 29 percent to $312.1 billion, a new report from global accounting firm PwC stated. ....
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M&As surge on SOE push after COVID recovery By JIANG XUEQING | China Daily | Updated: 2021-02-03 09:32 Share CLOSE Finished steel products made by China Baowu Steel Group are hoisted onto a ship at a dock in Shanghai. [Photo/Xinhua] PwC report says pandemic s waning boosts new development paradigm, corporate deals The value of China s merger and acquisition deals rose 30 percent year-on-year to $733.8 billion in 2020, the highest level since 2016, the latest PwC report said. The increase in M&A deal value was driven by strong participation of State-owned enterprises in both domestic strategic and financial-buyer deals, said Roger Liu, leader of PwC s practice relating to private equity in the Chinese mainland and Hong Kong. ....