Kpmg eyeing more M&A deals in China

KPMG China will maintain double-digit growth this year despite the economic slowdown and will be on the lookout for suitable merger and acquisition opportunities, a top company official said on Wednesday.

"China will continue to be one of the fastest growth markets for KPMG in the next three to five years, though the country's economic growth is slowing," said John Veihmeyer, chairman of KPMG International, a global consultancy firm.

China's August economic data are pointing to a weakening picture: Industrial output grew at the slowest pace since 2008 amid the global financial crisis and fixed-assets investment, an important driver of economic activity, slowed to a 14-year low of 16.5 percent in the first eight months of the year.