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      "text": "Overall: China M&A fell to multi-year lows in 2024, down 16% to US$277bn; VC rebound increased volumes by 24%. Ten-year low in value since 2013. 2H24 showed improvement. Domestic strategic M&A down 10%, PE down 18%. 39 mega-deals total.",
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      "text": "Domestic and Foreign-Inbound Strategic: Domestic strategic M&A fell 10% in value and 4% in volume. Industrials and high tech were top sectors. Lack of mega-deals (only 18 by strategic buyers). CSSC SOE merger was largest at US$16bn.",
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