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.

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 their own businesses, said Tu Guangshao, president and vice chairman of China Investment Corporation, speaking at the country's showpiece annual Boao Forum on Monday

China's overseas investment boom in the middle of the decade saw a host of extravagant deals for assets from hotels to soccer clubs that later became a cause for concern in Beijing...

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