China M&A trends of consumer markets: 2021 review and 2022 outlook
May 2022
Although the impact of the pandemic continued in 2021, China achieved a leading GDP growth rate of 8.1% through its comprehensive COVID control measures.
China's consumer markets has been gradually improving. Overall consumer markets deals activity has notably increased (deals volumes increased by 37%. As food is a consumer staple, the F&B sector ranked top in terms of deal volume in 2021.
PwC is optimistic on the outlook of China’s Consumer M&A market in the long term and expect the deals to be stable in 2022 under more rational overall environment.
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Asia Pacific, Mainland China and Hong Kong Consumer Markets Leader, PwC China
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