Chinese Premier Li Keqiang (left) and President Xi Jinping. Beijing has encouraged mainland companies to buy assets and technology from abroad. Photo: AFP

China overtakes US as world’s largest assets acquirer

Dealogic data shows China’s outbound M&A in first nine months is world’s largest for the first time, though value of withdrawn deals also rises

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Chinese Premier Li Keqiang (left) and President Xi Jinping. Beijing has encouraged mainland companies to buy assets and technology from abroad. Photo: AFP
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