China is pausing on U.S. deals, ex-Goldman rainmaker says

Business & Technology

"Chinese investors are hitting the pause button on U.S. and other outbound deals as they grapple with the ramifications of a Trump presidency and possible government curbs on overseas acquisitions, according to Fred Hu, a former Greater China chairman for Goldman Sachs."

Credit: Pedestrians walk past a Yum! Brands Inc. KFC restaurant in Shanghai, China, on Saturday, Aug. 6, 2016. There are signs that both Yum! Brands Inc. and McDonald's Corp.'s absolute dominance of China's multi-billion dollar fast food industry they helped create is starting to slip away as consumers shift to healthier options and Chinese-style food chains -- from huoguo (hot pot) to tangbao (steamed dumplings) -- proliferate. Photographer: Qilai Shen/Bloomberg