New Stability to Boost Tourism Firms’ Overseas Investments

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With China’s 19th Party Congress over, JPMorgan Chase & Co.’s Asia Pacific vice chairman, Carl Chien, expects to see a return to the massive overseas acquisitions and investments from large Chinese corporations in tourism and air travel that marked 2016. Overseas deals by Chinese companies reached a total estimated worth of around $250 billion in 2016, but so far 2017 has only seen approximately $150 billion in overseas investments and deals. The reasons for this vary from concerns over outbound capital and its effects on the value of the Chinese yuan, to corruption.

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