China M&A deals down 45% in first half as economic slump continues

China M&A deals down 45% in first half as economic slump continues

FILE PHOTO: An electronic board shows Shanghai and Shenzhen stock indices at the Lujiazui financial district in Shanghai, China, March 17, 2023. REUTERS/Aly Song/File Photo

Mergers and acquisitions involving Chinese companies fell 45% by value year-on-year in the first half of 2024, as the country’s struggling economy and tighter espionage laws hamper cross-border deals.