China M&A hits 3-year-high: report

A new report from PriceWaterhouseCoopers is suggesting the value of merger and acquisitions in China has hit a three-year-high through the first half of this year.

The PwC analysis shows M&A through the first half has accounted for 183-billion US dollars in value, up 19 percent from the second half of last year.

PwC suggests the main reason for the record value of M&A's is there have been over 30 big deals worked out worth over 1 billion US dollars each.

Most of the mergers and aquisitions have come in the Internet and financial services sectors.

PwC is also predicting more M&A activity through the remainder of this year.