As the US-China trade war rumbles on, a more protectionist mood seems to have spread to Europe as well, with a brace of potential Chinese acquisitions rebuffed by Germany in the past month.
Going forward, it seems reasonable to assume that wannabe Chinese acquirers of developed market assets are likely to encounter greater scrutiny particularly in sensitive sectors with national security ramifications but on all larger deals generally.
That could continue to drag on Chinese mergers and acquisitions over the rest of the year, said David Brown, PwC's China and Hong Kong transaction services leader, at a presentation on Tuesday ...
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