Inbound M&A deal value hits new high

Private firms from China lead in outbound deals, says PwC survey

Foreign inbound mergers and acquisitions in China soared in terms of value during the first six months of the year, with multinational companies further honing their strategies and expanding their presence, a report said on Tuesday.

The report, released by global consultancy firm PricewaterhouseCoopers, said foreign firms clinched deals worth $12.5 billion during the first six months of the year in China, up from around $8.4 billion in the second half of 2013. It also marked the fourth consecutive increase in value terms in the firm's semi-annual survey.