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China’s Global Shopping Spree Sparks Opposition at Home, Too

  • Megadeals, billion-dollar property purchases face curbs
  • Outflow concerns mount over weakest currency since mid-2008
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After facing opposition around the world to its recent dealmaking spree, even China itself is turning against it.

Concerns are mounting in Beijing over a surge in outflows that’s causing further devaluation pressure on the yuan and fears that overeager companies may risk biting off more than they can chew. So now, Chinese regulators plan to generally bar megadeals of $10 billion or more, people with knowledge of the matter said this week.