Outbound deal pipeline still robust, says KPMG report

Inbound acquisition deals fell to a decade-low level in China during the first six months of the year, driven by short-term economic uncertainties, a report published by global consulting agency KPMG said on Monday.

The agency, however, said China's appetite for overseas assets continued to be strong during the period.

Cross-border merger and acquisition deals between acquirers from developed countries and China declined by one-third to 52 deals in the first six months of 2014, compared with 78 deals during the same period last year, the report said.