China M&A Deals Plunged 34% to Nine-Year Low in 2022

What’s new: Mergers and acquisitions slowed dramatically in China and worldwide in 2022 amid economic headwinds and pandemic disruptions, management consultant Bain & Co. said in a report.

The value of strategic deals completed in China declined 34% in 2022 from the previous year to $304 billion, the lowest in nine years, according to the report. The number of such deals also touched a nine-year low with a 24% decline from 2021, Bain said.