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Chinese government encourages outbound investment


11-28-2016 14:51 BJT

Chinese officials said Monday that the government promotes the healthy development of outbound investment and will continue its strategy of encouraging offshore investment. Officials with China's top economic planner, commerce ministry, central bank, and foreign exchange regulator said also the government would firm up the verification of outbound investment projects.

Analysts say pressure on the yuan has increased recently on the back of a strengthening U.S. dollar. China's central bank has reportedly urged lenders to guard against capital outflows via the Shanghai Free Trade Zone disguised as foreign investments.

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