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China beats 2015 outbound M&A record

In less than six months of 2016, China’s appetite for overseas acquisitions has already outgrown last year’s record, as deal-hungry mainland buyers chase global assets such as real estate, chemicals and high-end technology, according to Reuters. China National Chemical Corp’s $43 billion bid for Swiss agrichemicals maker Syngenta makes up almost 40% of this year’s $111.6 billion total, but even without that deal the pace has quickened. Bankers and lawyers say there could, however, be some slowdown in the second half, as mainland buyers face heightened scrutiny at home and abroad. China International Capital Corp, the country’s biggest investment bank, expects outbound deals to hit $150 billion this year.

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