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China's Outbound Investment Plunges as Irrational Deals Curbed

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Photographer: Lam Yik Fei/Getty Images 

China’s non-financial outbound investment slumped to $86.3 billion in January to October, plunging 41 percent from a year earlier, as projects in some industries dried up.

There were no new real estate, sports or entertainment deals for the period, the Commerce Ministry said in a statement Thursday. Most outbound investment was in leasing and business services, manufacturing, wholesale and retail sales and information technology services.