News Snapshot:
Author Xiuxi Zhu Stefen Joshua Rasay Chinese outbound investments in technology, media and telecom companies have steadily decreased since 2016, data compiled by S&P Global Market Intelligence shows. The value and number of transactions with the U.S. in particular could fall further, analysts said. The decline in outbound investment was mainly due to restrictions on capital outflow imposed by the Chinese government. After encouraging domestic companies to expand globally, China started to scrutinize outbound deals in 2016 to maintain the level of the country's foreign exchange reserves, according to media reports and analysts. "It has become difficult for companies to...
