While dealmaking may have fallen off in the West, it appears to be on the rise in China. There are big deals going on in China, such as Shenzhen-based China Merchants Bank's recent $4.7 billion takeover of Hong Kong's Wing Lung Bank. But perhaps even more notable is the rise of Chinese investments in the international arena.
In the month of May alone, China reported an all-time record of 55 merger and acquisition deals, up ten percent over the previous year, according to China Venture, an investment researcher and advisor. According to Dealogic, Chinese companies spent $31.1 billion on overseas deals from beginning of this year through May 27, which is more than the country spent on such ...