China mulls overseas dealmaking curbs amid M&A spree

China mulls overseas dealmaking curbs amid M&A spree

100 Yuan notes are seen in this illustration picture in Beijing November 5, 2013. REUTERS/Jason Lee/Files

China plans to implement sweeping curbs on overseas dealmaking by the nation’s companies, people with knowledge of the matter said, as a record outbound acquisition spree puts pressure on its currency to weaken.

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