Overseas mergers and acquisitions by Chinese companies increased by more than 30% last year

(reporter Yinjie) PwC released a report yesterday showing a record 4251 deals in China in 2010, with the amount disclosed to be more than $200 billion trillion, up 16% and 27% per cent respectively in 2009.　　Among them, China's overseas mergers and acquisitions growth trend is very significant, 2010 overseas mergers and acquisitions volume growth of more than 30%, reached a record 188, the total amount of transactions disclosed amounted to about 38 billion U.S. dollars. China's mergers and acquisitions include mergers and acquisitions among domestic enterprises, mergers and acquisitions by foreign enterprises and overseas mergers and acquisitions by mainland Chinese companies, both in volume and in the amount disclosed.　　Lu Yubiao, a partner at PwC's China mergers and acquisitions service, said that despite a relative decrease in the number of overseas mergers and acquisitions activity in the fourth quarter of 2010, Chinese companies were increasingly interested in good overseas assets, and there was no indication that the rapid growth in overseas mergers and acquisitions by Chinese companies would decline in 2011 and beyond. "The resource-related sector remains an important acquisition target, and China needs to ensure the supply of resources to sustain economic growth." "Lu Yubiao said.　　In addition, the number of mergers and acquisitions of High-tech enterprises is also increasing. The target range of China's overseas mergers and acquisitions worldwide, the United States as a strategic target for growth, in 2010 32 overseas mergers and acquisitions occurred in the United States, in 2009 only 21 cases.