Bloomberg: The Chinese government permits foreign investment in new capacity, but has essentially closed the door to foreign acquisition of established Chinese businesses in many industries.
``China now has so much capital that the central bank has to slow the spending growth,'' says Lu Jianfeng, finance director at the Jiangsu provincial government's Department of Foreign Trade and Economic Cooperation. ``China can now afford to be a little more selective in the kind of overseas investments that we want.''
For readers of Chinese, this relevant article may also be of interest: 国资委:培育大企业集团是增强国有经济着力点.
