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China monitoring 'irrational' investments


12-07-2016 16:11 BJT

The Chinese government says it will closely monitor “irrational” overseas investments in some areas while encouraging investors to go global.

Real estate, hotels, film, entertainment and sports clubs are on the watch list. Meanwhile, Chinese regulators are also keeping an eye on risks associated with certain types of overseas activities.

The government added that the principle of its investment management policies has not changed and it will continue to support capable and qualified businesses.

Outbound investment has grown quickly in recent years. But concerns about capital outflow have also been on the rise with the yuan under depreciation pressure and the economy slowing.

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