Chinese firms hot on M&A opportunities

Executives of foreign companies are less optimistic about global recovery

BEIJING - More Chinese companies intend to seek growth opportunities in mergers and acquisitions in the next half year, reflecting their greater optimism about global economic recovery than their foreign counterparts, according to a report from Ernst & Young.

The survey showed that 31 percent of the 62 Chinese C-level respondents will try to take advantage of merger and acquisition opportunities in the next six months, though they still view organic growth as the most important means of expansion.