The state has re-emerged as China’s top overseas dealmaker in 2017 after authorities pulled back on an ambitious run of private offshore investment.
State-owned enterprises and funds announced $28.7bn in cross-border acquisitions in the first half of the year, greater than the $26.6bn in deals struck by private enterprise, according to an analysis from PwC and data from Thomson Reuters.
China Investment Corporation’s $13.8bn buyout of UK-based Logicor, one of China’s biggest deals of the year, is included in the tally of state deals.
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