Country Garden slows down expansion plans amid govt scrutiny

Shanghai

COUNTRY GARDEN Holdings Co says it's hitting the pause button on an international expansion amid Chinese government scrutiny of property acquisitions abroad, and is delaying investing in countries such as India.

"Now that the government is limiting overseas real estate investments, we'll take a pause," chief strategy officer and vice-president Jeff Lin said in an interview in Shanghai.

Border tensions with India hadn't helped prospects in that country, he said.

Country Garden is gauging the Chinese government's stance after dealmakers such as Dalian Wanda Group Co and Anbang Insurance Group Co attracted scrutiny for their overseas acquisitions and the authorities rolled out tighte…