(MENAFN) A report by an accounting firm PwC shows that, China's value of merger and acquisitions (M and A) hit a three year high in the first half of the year, QNA reported.
The M and A posted a value of USD183 billion during the first six months of the year, up 19 percent compared to the second half of 2013.
PwC partner Liu Yan confirmed that the M and A growth was due to over 30 big deals valued at USD1 billion each.
The record high also came as investors sought M and A to boost growth to cope with increasingly fierce competition amid industry restructuring, according to the report.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.