HONG KONG -- China's mergers and acquisitions activity shifted to Europe from the U.S. last year, a new survey said Wednesday, on the back of rising tensions between the world's two biggest economies.
Deals in Europe rose 5% to $8.4 billion last year while plunging 37% to $4.7 billion in North America compared with 2020, said the joint survey by Baker McKenzie and Rhodium Group.
