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  "documentTitle": "China M&A 2024 Review and Outlook",
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      "text": "Chinese Mainland outbound M&A deal value continued its long decline since the peaks of 2016 falling to only US$12bn – the lowest level since the global financial crisis in 2008.",
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      "text": "Chinese Mainland outbound M&A deal value continued its long decline since the peaks of 2016 falling to only US$12bn – the lowest level since the global financial crisis in 2008; however, behind the scenes we have seen more recent enquiries about Chinese outbound deal opportunities.\nAll outbound classes (SOE, POE and financial) saw declines.\nTwo outbound mega deals were announced in 2024; industrials, energy & power and high tech were the top three sectors by value.\nAnd high technology, industrials and healthcare were the top three sectors by volume.\nDeal values were at low levels; Europe and Asia was the most-favored destinations by deal value.\nWhereas the US, Europe and Asia were the top three investment destination in volume terms, with smaller deals less likely to attract political scrutiny.",
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      "text": "deal value: $12bn",
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