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China Surpasses US in Outbound Mergers and Acquisitions
2016-10-07
Brief:China has surpassed the United States to become the world's largest cross-border asset acquirer for the first time.
China has surpassed the United States in outbound mergers and
acquisitions for the first time.
 
China has surpassed the United States to become the world's largest cross-border asset acquirer for the first time.

The change underscores a global buying spree driven by China's economic growth over the last three decades as well as its programme encouraging companies to buy overseas assets and technology, South China Morning post reported.

Dealogic, a global provider of data and analytics, said that in the first nine months of the year the total value of mergers and acquisitions by Chinese companies jumped 68% year on year to US$173.9 billion. Since 2008, the US has been the top cross-border acquirer in the first nine-month period.

Dealogic data shows that a total of 601 announced deals marked the most active first nine month period on record for Chinese acquirers, up from 441 deals in the same period last year.

Stawe-owned ChemChina's US$46.7 billion pending acquisition of Syngenta, announced in February, marks the biggest ever foreign acquisition by a Chinese company.

However, the report says not all Chinese deals closed as national security interests trumped economic gains. 42 Chinese outbound acquisitions worth a total of US$35.8 billion were withdrawn in the first nine months, already the highest annual level on record.

Chinese investments abroad surpassed those made by foreign companies in the country for the first time in 2015.

China’s outbound direct investment increased 18.3 percent in 2015 to hit a record high of US$145.67 billion, exceeding US$135.6 billion of foreign direct investment in the country, according to data from China’s commerce ministry.

gbtimes

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