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Capital outflow clampdown puts overseas businesses on edge
On December 28, 2016
South China Morning Post | by Julia Hollingsworth
The backlash against China’s outbound shopping spree has seen Western countries push back – but it could get even harder for mainland buyers. This month’s development – aimed at stemming the flow to protect the depreciating yuan – is just the latest challenge for Chinese companies.
Stenvall Skoeld & Company’s Per Stenvall was interviewed for the article and said: “There is already a lot of uncertainty. Chinese companies are already at a disadvantage”, but “People will become more open to working with Chinese buyers. That’s the long-term trend and I don’t think this policy is going to change that.”
Read the full article in South China Morning Post
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