China unveils sensitive industries for outbound investment

The National Development and Reform Commission (NDRC), China's top economic planner, on Sunday released a catalogue of so-called "sensitive" industries for outbound investment for 2018. The catalogue will take effect from March 1.

In a bid to further guide and regulate overseas investment, restrictions will be imposed on Chinese companies' investment in some industries in the global markets, including real estate, hotels, cinemas, entertainment and sports clubs, read a statement posed on the website of the NDRC.

Transnational exploration and development of water resources is also in the catalogue, according to the NDRC.

The central government has strengthened efforts to curb irrational outbound investment in recent years, and considerable progress was made in 2017. China's outbound direct investment in nonfinancial sectors reached $120.08 billion last year, down 29.4 percent year-on-year, according to data released by the Ministry of Commerce in January.