China outbound M&A may reach US$275b in a decade

New York

CHINESE companies could be spending US$275 billion a year on outbound deals in the next decade, even as the country tries to restrict capital outflows, White & Case LLP's John Reiss said.

"We expect dramatic M&A activity outbound from China," Mr Reiss, the law firm's global head of M&A, said Monday on Bloomberg Television. "We have some short-term considerations, with restrictions on capital outflow, with some over-leveraging in the corporations in China, and some questions about the financial system there."