Stranger things are going into China’s overseas shopping basket

Business & Technology

"More than 360 Chinese companies announced their first cross-border acquisitions in the initial 11 months of this year, with the combined size of the transactions more than doubling from the full year 2015," Bloomberg reports. As more companies look to branch out into areas outside of their core businesses, authorities have started to heighten their scrutiny and are emphasizing avoidance of "irrational" deals.

Credit: A vendor counts Chinese yuan banknotes in a drawer at a fresh produce market in Shanghai, China, on Sunday, July 3, 2016. The yuan headed for a fifth weekly decline, the longest run of losses this year, amid speculation the central bank favors further depreciation as it seeks to revive economic growth. Photographer: Qilai Shen/Bloomberg via Getty Images