Chinese companies secured 286 merges and acquisitions (M&A) deals in March, a hefty increase of 51.3 percent from a month ago, according to a market report.
The available data on transaction value totaled 13.44 billion U.S. dollars, up 4.6 percent from February, according to a report by a research outfit under Zero21PO Group, a service provider and investment institution.
Measured by value, over 90 percent of the deals took place in China. Some 122 deals were closed in the manufacturing sector, or 42.7 percent of the total. Those transactions were valued at 3.76 billion U.S. dollars, or a 28 percent share.
The research firm noted that although manufacturing deals rose remarkably in quantity, there remained huge room to improve in quality.
With favorable government policy, the manufacturing sector is likely to push forward structural upgrades to make it more competitive, the report added.