Corporate shoppers take a breather

By Cai Xiao ( China Daily ) Updated: 2017-06-19 07:00:21

Overseas M&A's coast on the China-led Belt & Road Initiative, but hit bumps in rising valuations, stricter regulations

After the euphoria over outbound M&A, or mergers and acquisitions, last year, it's time to get back to senses this year and stage a recovery next year - that sums up Chinese companies' current thinking.

Chinese companies never had it so good in M&A as they did last year. They spent $212.5 billion, almost 3.5 times that of 2015, to merge with, or acquire, companies overseas in 920 deals, up 142.1 percent from 2015, according to accounting firm PricewaterhouseCoopers.

Corporate shoppers take a breather

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