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The value of merger and acquisition...........>

CHINA
CHINA: The value of merger and acquisition transactions n China's property
sector is likely to rise to a record-high this year, Moody's Investors Service
said Friday in a report. Major developers want to increase their market share by
expanding their size to take advantage of the relatively low cost of land
acquisitions at a time when local governments are increasing land sales, Moody's
said. Given policy controls in the real estate sector are expected to be
tightened further, sector sales growth will slow further in the second half of
the year and operational conditions for property developers would face increased
barriers, the ratings agency said.

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