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Chinese companies made 297 outbound merger and acquisition deals in the first half of 2018, according to data from Morning Whistle, a Shanghai-based consultancy specializing in cross-border M&A.
Chinese company Sinopec Group grabbed second place, followed by State Grid and China National Petroleum, representing all three Chinese companies in the top 10.
Chinese rescuers evacuate local residents in floodwater after heavy rains caused by Typhoon Lekima, the 9th typhoon of the year, in Linhai city, Taizhou prefecture, East China's Zhejiang province, August 10, 2019. [Photo/IC]
Chinese authorities are expected to use monetary tools and strengthen government spending to slow the weakening of economic activity due to the novel coronavirus outbreak, and to ensure ample liquidity to prevent a sharp sell-off when financial markets reopen on Monday.
Chinese monetary authorities will take broader measures to further lower lending rates for the nonfinancial sectors, even if it means sacrificing part of commercial banks' profits, to reduce the impact of the outbreak and accelerate the resumption of production, Sun Guofeng, head of the central bank's monetary policy department, said on Sunday.
来源：资阳报