Foreign sellers have also thrown up new hurdles after getting spooked by a string of canceled deals. But it could also undermine a big pillar of support for corporate valuations around the world. Last year’s 137 per cent surge in Chinese takeovers vaulted the country to No. 2 behind the US on the ranking of global acquirers.Cooling off the buying frenzy has become a policy priority in Beijing. They’ll also ban most investments of $10 billion or more and restrict foreign property purchases exceeding $1 billion by stateowned enterprises, the people said.Even previously announced deals are vulnerable.

Source: Economic Times May 11, 2017 22:52 UTC