Chinese companies continued to snap up acquisitions abroad at a strong pace this year in spite of fears at the start of 2009 that the global economic crisis would force them to ease back on outbound mergers and acquisitions.
The companies were involved in an aggregate $46bn of outbound M&A deals in the year to date, nearly matching last year's record of $50bn, according to Dealogic, the data provider.
The figures suggest Chinese outbound activity has settled at a higher level than in previous years. Dealogic says that Chinese outbound M&A was $9.6bn in 2005 and $25.4bn in 2007.
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