China firms cashing out of overseas bets at near-record pace

September 07, 2021 11:41 AM

HONG KONG (BLOOMBERG) – Just a few years ago, Chinese firms spent lavishly overseas on everything from luxury hotels to soccer clubs. Now they are heading for the exit amid rising demand for anything that throws off cash.

Source : http://www.straitstimes.com/business/companies-markets/china-firms-cashing-out-of-overseas-bets-at-near-record-pace