Chinese Companies Are Still Spending Big Abroad

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Chinese Companies Are Still Spending Big Abroad

China’s government has sent shudders through investors and executives this year by cracking down on the nation’s biggest corporates and their record foreign shopping spree. Regulators worried the acquisitions would destabilize China’s financial system, weaken the currency and create yet more debt, repeating Japan’s mistakes of its go-go years. But even as Beijing pulls the shutters down, foreign investment that bolsters the potential of the economy continue to win approval. One example: China Merchants Port Holdings Co. plans to invest as much as $1.12 billion to develop and operate port facilities in Sri Lanka.   Whereas the 2016 record deal spree was ruled by private sector companies, this

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