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  "documentTitle": "China M&A 2024 Review and Outlook",
  "authorId": "PwC",
  "authorName": "PwC",
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  "notes": "The chart tracks deal values in US$ billion, excluding venture capital.",
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      "text": "Stacked bar chart showing deal values by category from 2020 to 2024",
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      "kind": "disclaimer",
      "text": "* US$3.2bn of financial buyer-backed Chinese Mainland outbound deals are also recorded in private equity deals. US$0.1bn are recorded in VC deals (excluded from this chart). Source: Refinitiv Eikon, CV Source and PwC analysis",
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      "kind": "legend",
      "text": "Domestic Strategic Buyers, Foreign Strategic Buyers, Private Equity Deals, HK/TW Outbound, China Mainland Outbound",
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      "kind": "title",
      "text": "Nevertheless, deal values fell to multi-year lows with domestic strategic M&A down by 10% and PE dropping by 18%",
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      "text": "Deal value by main category (excludes VC)",
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