普华永道：2022年中国企业并购市场​回顾与前瞻报告（英文版）

China M&A fell to its lowest level since 2014 at US$486bn, down 20% compared to 2021. The decline would have been larger but for some large transactions to reform state-owned enterprises (SOEs), according to PwC’s M&A 2022 Review and 2023 Outlook.We expect announced deals to continue to decline in the first half of 2023, due to the exceptionally soft conditions for deals processes last year. However, recent government measures to stimulate investment, along with the removal of Covid-1