Bloomberg

Outbound Investment, CCTV's Xi Documentary: Eye on Chinese Media

Written by Angela

After People’s Bank of China Deputy Governor Pan Gongsheng said some companies transfer assets overseas via outbound investment, a Commerce Ministry official said the review process for such investment is helping businesses do a “health check,” according to Economic Information Daily, a newspaper affiliated with the official Xinhua News Agency. While China has tightened capital controls to stifle outflows as the yuan weakens, companies have been pushing to snap up overseas assets as a way of mov

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Angela

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