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China cautions against 'irrational' overseas acquisitions

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Published Wed, Dec 7, 2016 · 09:50 PM

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Shanghai

CHINA has urged domestic companies to avoid "irrational" overseas investments following a record-setting buying spree that has worried authorities about capital outflows and rash spending.

The rebuke carried by the Xinhua news agency did not single out particular firms but highlighted areas such as sports, hotels and entertainment where there have been major deals involving Chinese groups.

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