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Chinese companies turn to Belt Road countries for acquisitions amid tightened scrutiny in US and Europe

Chinese companies are turning to countries along the "Belt and Road" initiative, in particular the ASEAN countries for cross-border acquisitions amid the coronavirus pandemic and increasingly tightened scrutiny on high-tech takeover deals by European and US regulators.

Cross-border acquisition deals in Europe and the US by Chinese companies dropped in the first half of this year while investment in Southeast Asian countries increased, said Alan Wang, a partner at law firm Freshfields Bruckhaus Deringer . . .

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