China deal-making ramps up after years of decline as domestic companies prepare for Trump tariffs

China’s M&A activity saw a rebound in the fourth quarter of 2024, with a 78.5% increase in deal value to $129 billion, driven by government stimulus measures aimed at industry consolidation. This uptick followed five years of decline, as weak economic activity and bearish sentiments affected deal-making. The total value of deals in 2024 was 45% lower than in 2020, with Chinese corporations showing less appetite for private market transactions in recent years.

Full Article