PwC sees outbound M&A rebound

China's outbound mergers and acquisitions, or M&A, will rebound this year, thanks to more clarity on relevant policies and a stronger yuan, according to a report from global accounting firm PricewaterhouseCoopers or PwC.

Sectors like technology, industrial products and consumer products will continue to be the main overseas M&A targets of Chinese players.

The latter will seek to bring foreign technologies to the domestic market in order to upgrade the industrial base, and to introduce new intellectual property, brands and products to China, PwC said.