China has been the only major mover in an otherwise calm period for foreign acquisitions.
The Chinese pursuit of acquisitions has caught the attention of analysts around the world, especially as the pace of deal making has generally been slow. Now China has already broken the record for the value of overseas deals in one year, and we are only in May, writes Stephen Grocer for The Wall Street Journal.
Record breaking period for Foreign acquisitions by Chinese firms
According to Dealogic, Chinese firms have reached deals worth $110.8 billion so far this year. That is already a full-year record, beating the total of $106.8 billion for the whole of 2015.
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It is also a notable number because it’s over three times the year-to-date total recorded in 2014, which was the previous high up to this stage of the year. The figures mean that China is ranked number one in the list of cross-border acquirers, according to Dealogic.