Outbound investment by China fell to its lowest level in nearly a decade last year as the trade war intensified between Washington and Beijing. Photo: AFP

‘No way.’ Ex-Sinopec boss warns Chinese firms will shy away from buying abroad as executives stay cautious amid trade war

  • National security, trade war could continue to weigh on Chinese activity in the United States and Europe, say deal makers
  • ‘Direct investment would not be considered by a Chinese company overseas in the sensitive areas,’ says former Sinopec chair Fu Chengyu
Topic |   Banking & Finance
Outbound investment by China fell to its lowest level in nearly a decade last year as the trade war intensified between Washington and Beijing. Photo: AFP
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