Regulators have clamped down on outbound deals as part of efforts to stem rising capital outflows that have contributed to a weakening yuan. Photo: Reuters
Regulators have clamped down on outbound deals as part of efforts to stem rising capital outflows that have contributed to a weakening yuan. Photo: Reuters

China ‘drawing up rules to control overseas investment’

Guidelines will state in which sectors company investment abroad is welcome, state-run newspaper says, as government tries to rein in “irrational” spending

Regulators have clamped down on outbound deals as part of efforts to stem rising capital outflows that have contributed to a weakening yuan. Photo: Reuters
Regulators have clamped down on outbound deals as part of efforts to stem rising capital outflows that have contributed to a weakening yuan. Photo: Reuters
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