Deal activity gets private push

Mainland companies driving global mergers and acquisitions, says PwC

Private enterprises were the driving force of China's outbound mergers and acquisitions this year and will provide the momentum for sustained growth next year, a study said on Monday.

The study, conducted by global consulting firm PricewaterhouseCoopers, said private firms accounted for 120 of the 176 outbound M&A deals made by Chinese companies during the first three quarters of the year, accounting for deals of about $17.7 billion, up 120 percent over the corresponding period in 2013.