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China on an outbound investment spree

Country is set to overtake the United States as the world's largest outbound direct investor in the next few years.

One landmark deal involved Anbang Insurance teaming up with Hilton Worldwide Holdings to purchase The Waldorf Astoria New York hotel for US$1.95 billion.

CHINESE companies have been stepping up their global investment spree in the past 12 months. Mergers and acquisitions (M&A) by private Chinese investors are becoming the key drivers of the country's outbound direct investment.

In what has been called the "Third Wave" of China outbound...

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