China Moves To Curb Overseas Acquisitions As Firms` Debt Levels Rise
(WorldNews China)

The Chinese government has served notice on the country´s foreign investment spree in football clubs, skyscrapers and Hollywood as it moves to curb rising levels of debt among domestic companies, The Guardian reports. The announcement of restrictions in a range of sectors follows a buying spree around the globe during which Chinese firms and business tycoons have taken control of assets including Legendary Entertainment, the U.S. film producer behind `Jurassic World` and `Warcraft,` buildings such as the Cheesegrater in London, and English football clubs including Southampton and Aston Villa. The curbs were announced in a document released on Friday by the state council, China´s cabinet, in...