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Yi Sun, head of China Business Services at EY, cited the economic situation in China and US-China trade tensions as the main reason for the reluctance of Chinese investors. She said that the overall Chinese M&A trend is still to buy companies that make strategic sense in terms of the skills or products they want.

Yu Pingkang, chief economist at Changjiang Pension Insurance Co Ltd, said that a slightly loosened monetary policy to prevent any substantial economic downturn can be expected as the government has limited leverage in its fiscal policy.

Yuan Yafei, chairman of Sanpower Group, said Friday in a statement that "Dendreon will be well served in joining the Sanpower family, where it will be better positioned to accelerate growth and access attractive new markets."

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Yunnan borders the Golden Triangle, an area notorious for its association with drug production and trafficking.

Yuan Longjiang, head of the Institute of Agricultural Economics and Development at the Chinese Academy of Agriculture Sciences, said that while the African swine fever epidemic is forecast to take a smaller toll on pig farming this year, a modeling study forecasts the pandemic will shrink pork output by 2 percentage points for 2020-2022.

Yi Gang, the central bank governor, said earlier that the monetary policy target this year will focus on "countercyclical adjustment" to support economic growth and prevent systemic financial risks.

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Yuen said the new cases at Hong Mei House are "absolutely" not a repeat of Amoy Gardens, as it's reasonable to believe that changes made to an exhaust pipe at the Tsing Yi building had caused the infections, while the Amoy Gardens outbreak was caused by the virus being emitted from dried up, U-shaped drainpipes.

Yunnan is a border province in Southwest China and a gateway to Southeast Asia and South Asia. As the Belt and Road Initiative progresses, Yunnan is building itself into a frontier in China's new round of opening up, according to the organizer.

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Yu said COFCO International Co, one of the group's arms for overseas operations, purchased over 12,000 face masks and more than 1,000 sets of medical protective clothing last week from countries such as Switzerland, Brazil, Argentina and Paraguay.

Yet, there are silver linings for the cross-border M&A market.