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

Topic |   China economy

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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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