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Opinion
David Fickling and Nisha Gopalan

Show Us the Money, China

Zoomlion's failed pursuit of Terex shows getting funds out of the country is becoming a bigger challenge.
Corrected

There was a moment earlier this year when China Inc. appeared to be single-handedly keeping M&A bankers in their Maseratis and Patek Philippes. Chinese companies have announced $128.5 billion of proposed, pending or completed outbound deals in 2016, well ahead of the $106.6 billion from the U.S., according to data compiled by Bloomberg.

With state-owned crane maker Zoomlion Heavy abandoning its pursuit of U.S. rival Terex last week, that wave shows signs of receding.