China hungrier than ever for global assets

China's outbound M&A activity reached a new record in the first half, putting it on track for a strong year, says PwC.

China hungrier than ever for global assets
David Brown, PwC

Chinese companies have been buying assets around the globe for a few years now, and their hunger shows no sign of slowing. Despite market volatility and an uncertain global economic outlook, outbound merger and acquisition activity by China’s cash-rich buyers reached a new record in the first half of this year.

Indeed, MA activity increased 14% in the first six months of 2011, compared to the same period last year. There were 107 outbound...

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