China on course to avoid Empire State-sized errors: CIC

The president of China's sovereign wealth fund sees more sustainable outbound M&A activity after a sharp decline in 'irrational' purchases in areas like property.

China on course to avoid Empire State-sized errors: CIC

Chinese enterprises have become more rational and prudent when investing overseas after the government clamped down on offshore purchases of little strategic value in late 2016, the head of China's sovereign investment fund believes. 

Despite a sharp decline last year in the value of Chinese outbound mergers and acquisitions, the investment landscape is now healthier as China Inc focuses more on offshore companies offering synergies with...

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