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Exclusive: China's Belt and Road acquisitions surge despite outbound capital crackdown

HONG KONG (Reuters) – Mergers and acquisitions by Chinese companies in countries that are part of the Belt and Road initiative are soaring, even as Beijing cracks down on China’s acquisitive conglomerates to restrict capital outflows.

Chinese acquisitions in the 68 countries officially linked to President Xi Jinping’s signature foreign policy totaled $ 33 billion as of Monday, surpassing the $ 31 billion tally for all of 2016, according to Thomson Reuters data.

Unveiled in 2013, the Belt and Road project is aimed at building a modern-day “Silk Road”, connecting China by land and sea to Southeast Asia, Pakistan and Central A…
Reuters: Business News

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