So says a senior commerce ministry official. Reuters reporting 27 Dec
- China will speed up drafting regulations on overseas investment as sectors such as property investment have shown irregularities
Zhou Liujun told state-owned news agency China News Service there were many risks underlining the huge surge in overseas investment this year and some firms were making "big-volume" deals abroad even as they faced mounting debt that exceeded their total assets.
From Jan-Nov 2016 China's non-financial outbound direct investment soared 55.3% to yuan 1.07trln from a year earlier.
Once again illustrating that you can't always have your cake and eat it.
Fx markets today doing very little as expected.
Current levels: EURUSD 1.0450 GBPUSD 1.2267 USDJPY 117.30 USDCHF 1.0281 AUDUSD 0.7190 USDCAD 1.3530
My cue to head out of here. Enjoy the rest of your day . I believe Adam and/or Greg will stick their head around the door later. See you all tomorrow.
In a year of notable and sad losses on the music scene we had another just before Xmas, the guitarist and legend that was Rick Parfitt of UK band Status Quo. I saw them at the Kursaal Ballroom in Southend back in the 70's . Masters of 3-chord rock, sometimes even 2 ! RIP Rick. Rest well now.
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