Top 10 key economic words in 2016
chinadaily.com.cn | Updated: 2016-12-19 06:53
Overseas M&A
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A Chinese national flag and a company flag fly in front the logo of China National Chemical Corporation at the company's headquarters in Beijing, Mar 24, 2015. China National Chemical Corp purchased Swiss-based Syngenta AG for about $43 billion in 2016. [Photo/IC] |
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.
