Thursday, September 12, 2013

Chinese Entrepreneurs are More Cautions About Performing M&As Overseas

The number and value of overseas mergers and acquisitions by privately owned Chinese companies was 51 and $7.4 billion in 1H 2013, according to PricewaterhouseCoopers report. The number was down 30% from 2H 2012 and down 27% from 1H 2012, and the value was down 58% from 2H 2012 and down 9% from 1H 2012. A stringent monetary policy and an economic slowdown in China were attributed to the declines. Chinese companies are increasingly cautious about overseas deals, the report added.

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