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What crackdown? Expect more China deals, bankers say

Reuters  |  SINGAPORE 

SINGAPORE (Reuters) - China will remain a major source of deals as local firms invest overseas and foreign companies put money into the world's second-largest economy, despite a government crackdown on splashy acquisitions, bankers and investors said.While new rules to curb irrational spending and outflows have dragged down overseas investments by China's acquisitive companies this year, versus blockbuster 2016 levels, deals are still being made and 2017 promises to be a year on par with 2015, the sources said over a two-day gathering in Singapore.But the road is not without hurdles as some ...

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First Published: Fri, September 15 2017. 19:38 IST