M&A plans limited over next 3 years

Businesses turn cautious because of growing concerns over finance: Report

Very few Chinese businesses have merger and acquisition plans in the next three years because of increasing concerns over financing, a report by international accounting firm Grant Thornton showed on Thursday, suggesting a more cautious attitude toward business expansion.

According to the report, only 10 percent of the Chinese businesses have M&A plans, a drop of 18 percentage points over last year.