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It Looks Like China’s European Soccer Invasion Is Over

  • China puts sports teams on list of restricted investment areas
  • Move builds on state campaign to curb capital outflows
Bloomberg business news

China laid down rules restricting overseas investments, stepping up its campaign against what it described to be 'irrational' acquisitions of assets in industries ranging from real estate to hotels and entertainment. Bloomberg's Tom MacKenzie reports on 'Bloomberg Daybreak: Australia.' (Source: Bloomberg)

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China’s invasion of European soccer appears to be over.

The State Council, China’s cabinet, on Friday formally put sport clubs on its list of industries that local companies are restricted from investing in overseas. The move builds on a state campaign that began late last year to curb capital outflows, including scrutiny of what the government called "irrational investments," to protect the yuan from depreciating further.