Tearing up money – China’s return to state directed investment

More state-directed deals. That’s the clearest message from China’s new offshore investment policy, announced by the cabinet on Friday evening in typically vague language, which has left lawyers and bankers guessing about how worried they should be. This will become clearer as the weeks roll on, but there’s no doubt the big winner is President Xi Jinping’s signature foreign … http://bit.ly/2x8bNly

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