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China Is Struggling to Offload Foreign Acquisitions, From Yachts to Pizza

  • Ferretti, controlled by a Chinese firm, shelved IPO last week
  • China’s outbound deals have dropped 13% on heightened scrutiny
A Ferretti yacht in Venice.

A Ferretti yacht in Venice.

Photographer: Stefano Mazzola/Getty Images

China Inc. is struggling to offload overseas businesses and the accompanying debt in an increasingly volatile market.

In just a few weeks, companies from yacht makers to luxury clothing and pizza outlets -- acquired by Chinese firms in recent years -- have either scrapped planned initial public offerings or sought alternatives to reduce their debt piles.