Deals
China's Capital Controls Trigger a Backlash After Scrapped Deals
- ‘Door is almost shut for funds going out’: Creat Group chair
- Government imposed curbs to stem a jump in capital outflows
China Capital Curbs Boost FX Reserves in February
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Chinese corporate chiefs are turning vocal critics of the nation’s capital controls as the pile of scrapped deals grows.
While the restrictions have helped alleviate pressure on the yuan, they’ve also curbed overseas acquisitions. Executives in Beijing during the National People’s Congress bemoaned the measures, saying they’re derailing expansion abroad -- a key tenet of China’s long-term economic ambitions.