Chinese investment abroad falls by 67% amid capital controls

Chinese outbound investment fell by 67 percent in the first four months of 2017, according to Bloomberg — the biggest decline since 2009. The drop comes after a record year in 2016, when Chinese firms bought $246 billion worth of foreign assets. Tighter capital controls, designed to shore up China’s currency and promote investment within the country, are likely to blame. Regulators now discourage splashy real estate deals abroad and investments by Chinese companies in […] Read More >>