China slows spending on foreign investment | Business| Economy and finance news from a German perspective | DW | 29.11.2016
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Business

China slows spending on foreign investment

Money used to be no object for Chinese companies. They would spend billions without batting an eye, buying up desirable foreign companies. All steered by the leadership in Bejing. And why not? Chinese companies were sitting on mountains of capital, saved during the boom years of unbridled growth. That attracted technology. Innovation is a product you can buy.

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