closed-door policy
China's Unending M&A Squeeze
Far from easing, the freeze on overseas purchases looks likely to deepen.
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China just made investment bankers' lives more difficult.
Any hope that the country's semi-freeze on outbound investments would let up after the end of the five-yearly Communist Party Congress were disabused of that notion Friday when the economic planning agency said it would expand its oversight to offshore units of Chinese companies.