China Steps Up Warnings Over Debt-Fueled Overseas Acquisitions
(WorldNews China)

China moved Friday to curb investment overseas by its companies and conglomerates, issuing its strongest signal yet that it wants to rein in runaway debt that could pose a threat to the country`s slowing economy. Beijing has stepped up its efforts in recent months to restrict some of its most acquisitive companies from buying overseas assets, worried that a series of purchases by China`s conglomerates around the world has been driven by excessive borrowing. ......