Business / Economy

China on path to top world's cross-border acquisition list

(Xinhua) Updated: 2016-06-04 16:45

China's pursuit of acquisitions around the world has been a big trend for the global market and it is now standing at a whole new height, a recent report says.

Chinese firms have struck $143.3 billion in overseas deals this year, according to a report published by Dealogic, a financial information provider.

The number is even higher than China's 2015 total -- $106.8 billion. At this rate, China will become the world's largest cross-border acquirer when the year of 2016 runs its course, the report predicted.

The United States has topped the ranking in cross-border acquisition every year since 2007.

The largest deal bid by a Chinese company so far is China National Chemical Corp's 43 billion cash offer for Syngenta, a Swiss seed company.

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