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China’s overseas M&As tumbled 40% in first half of year to lowest in a decade

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Chinese companies's overseas mergers and acquisitions tumbled by 40 per cent in the first half of the year to the lowest level in a decade, amid coronavirus pandemic and rising geopolitical tensions.

Chinese companies announced $14.6 billion worth of overseas mergers and acquisitions (M&A) deals in the first six months of the year, the lowest in a decade and plunging 40 per cent from the same period in 2019, according to a report . . .

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