The South China Morning Post reports China has surpassed its annual outbound investment record by a wide margin, amid a surge in overseas acquisitions as companies embrace the go global ethos, despite Beijing’s tightening of capital controls. Chinese outbound mergers and acquisitions totalled US$111 billion as of May 10, surpassing the full year total for 2015 of US$108 billion, according to Swiss-based investment bank UBS, citing figures from Dealogic. Last year’s outbound investment figure was the previous record, surpassing US$100 billion for the first time. Chinese deals overseas account for 26.4% of global mergers and acquisition volume
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