In Brazil, China beats US in M&A

Corporate buyouts are not Olympics; Chinese firms pump $4b so far this year

China lagged behind the United States in the medal count during this year's Olympic Games in Rio de Janeiro, but it's winning the competition for Brazilian assets.

No country has done more acquisitions in Brazil this year than China, which has grabbed the No 1 ranking for the first time on record, according to data compiled by Bloomberg. Chinese firms have announced $4 billion of purchases in Brazil so far this year, the highest total for a comparable period since 2010.