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China Daily

China issues code of conduct for firms investing abroad

SHANGHAI: China has released a code of conduct for private companies investing abroad as it seeks to head off risky acquisitions, with state media reporting on Tuesday that a blacklist of violators was in the works. The move by the country's top economic-planning agency appears to be the latest in a government campaign to prevent acquisitive Chinese firms from over-extending themselves with ill-advised deals abroad that could threaten financial stability at home. The guidelines, released on Monday by the National…