China witnessed an explosion of mergers and acquisitions (M&A) over the past year, and an independent analysis shows domestic-only deals have become the dominant force for M&A in China.
The analysis by PricewaterhouseCoopers (PwC), a global accounting firm, revealed a surge of domestic activity driving the growth of China’s M&A. Meanwhile, foreign investment continued at a broadly flat rate. According to PwC’s interim review and forecast, the overall volume of M&A deals in China increased 20 percent — from 674 announced deals during the first half 2006, to 808 deals during the same period 2007. However, the average value of individual deals decreased 6 percent. [Full Text]