China M&A value drops 18% in H1

The value of China mergers and acquisitions dropped 18 percent to $348 billion in the first six months of the year, while the volume of transactions increased slightly, according to a recent report.

The report from multinational professional services firm PricewaterhouseCoopers expects a further moderate decline in M&As in the second half of the year.

Between January and June, deal values fell across the four main sub-sectors of M&As: domestic strategic buyers, foreign strategic buyers, private equity deals and Chinese mainland outbound. For example, domestic strategic M&As declined 27 percent in value. Nevertheless, the deal volumes were still the second highest on record.