Chinese enterprises' overseas mergers decline in 2012: report

BEIJING, Jan. 30 (Xinhua) -- Chinese enterprises on the mainland conducted 191 overseas mergers in 2012, compared with 206 in 2011, auditing firm Price Waterhouse Coopers said on Wednesday.

The firm said in a report on China's merger activity that despite declining mergers, transactions hit a record high of 65.2 billion U.S. dollars in 2012, surging 54 percent from 42.4 billion U.S. dollars in 2011.

The report attributed the merger decline to the slow recovery of western economies, an unstable situation in the eurozone and a slowdown in the Chinese economy.

However, the report predicted that overseas mergers conducted by enterprises on the Chinese mainland will see a strong rebound in 2013.

We recommend:
Wind power now No.3 energy resource	3rd Qatar Int'l Auto Show kicks off	China caps first 3G nuclear plant
New Zealand moves to restore trust	Mobile apps chip away at SMS	Airbus has big hopes for big plane