China’s Global Dealmaking Spree Sparks Opposition at Home, Too

By Bloomberg News

After facing opposition around the world to its recent dealmaking spree, even China itself is turning against it.

Concerns are mounting in Beijing over a surge in outflows that’s causing further devaluation pressure on the yuan and fears that overeager companies may risk biting off more than they can chew. So now, Chinese regulators plan to generally bar megadeals of $10 billion or more, people with knowledge of the mattersaidthis week.

They will also curb billion-dollar property purchases by state enterprises and large acquisitions outside a buyer’s core business, according to the people. The moves ...