Clamping Down on Overseas Investment -- in China
Cato Institute - Tuesday November 29, 2016
by David Boaz
This makes perfect sense – in a country ruled by the Communist Party:
China plans to clamp tighter controls on Chinese companies seeking to invest overseas, intensifying efforts to slow a surge in capital fleeing offshore amid tepid growth and an uncertain economic outlook.
Of course, it would be crazy in a capitalist country ruled by a party committed to free enterprise.
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