Chinese companies went on an overseas buying spree in 2016, targeting corporate trophies around the world as weak economic growth at home limited domestic opportunities. Photo: AFP
China’s M&A loans slump for second year due to US trade war tensions
- Event-driven loans made by Chinese firms in foreign currencies are down 41 per cent this year to US$18.2 billion from US$30.7 billion in 2016
- Overseas volumes have slumped amid tighter Chinese government scrutiny and a crackdown on capital outflows
Topic |
China economy
Chinese companies went on an overseas buying spree in 2016, targeting corporate trophies around the world as weak economic growth at home limited domestic opportunities. Photo: AFP