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Business deals

China first-half M&A deals value falls to lowest since 2014

Number of 'megadeals' topping $1 billion drops by half from previous six months

A Chinese state-owned enterprise backed consortium earlier this year announced a $15.5 billion acquisition of Saudi Arabian gas storage company Aramco Gas Pipelines.   © Reuters

HONG KONG -- The value of China's first-half M&A transactions fell to the lowest level since 2014 while the number of "megadeals" dropped by half with little hope for a quick rebound, PwC said in a report Wednesday.

While there were some 6,173 mergers and acquisitions in the first six months of this year, their value fell to $236.7 billion, a half-year low last seen in 2014.

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