M&As rise 18 percent through first 11 months of 2007

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Mergers and acquisition deals in China jumped 18 percent to more than 1,700 in the first 11 months of 2007 according to a PricewaterhouseCoopers report released on Wednesday.

The total M&A deals were worth more than 80 billion U.S. dollars, up 25 percent from the same period a year earlier. Of the total, 987 deals were conducted by domestic firms, an annual increase of 45 percent. The deals were valued at US$50.6 billion, up 53 percent from the previous year.

M&As saw robust growth in the financial services, property, manufacturing and mining sectors, the report stated. From January to November, the number of M&As by private equity funds reached more than 140, worth over US$10.6billion.