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- Thedore Roethke

Though trying to stem capital outflows, China will press on with foreign buys

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China Inc will carry on buying foreign companies with key strategic value despite battling to rein in huge capital outflows, as ChemChina's acquisition of Syngenta (SYNN.VX) shows.

State-owned ChemChina agreed on Wednesday to make a $43 billion bid for the Swiss seeds and pesticides group, the biggest overseas deal by a Chinese firm and equivalent, on its own, to a third of total foreign acquisitions by Chinese companies last year.

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