China saw fewer mergers and acquisitions (M&A) deals getting closed in the eleven months to November compared to the same period last year, with the transactions value also significantly lower, Xinhua news agency reported on Sunday, citing consulting firm ChinaVenture. During the 11 months, Chinese firms closed 1,731 M&A deals totaling US$105 billion, down 41.3 percent and 26.5 percent over the same period last year, ChinaVenture was cited as saying in a research report. The manufacturing sector saw the largest number of deals while the energy and mining sector ranked first in terms of the scale of financing. But data concerning new deals remained steady. From January to November, China announced 4,475 M&A deals, up 16 percent year on year, with the total deal size inching up 3.5 percent to a fraction under US$300 billion, the report said.
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