More on China YTD outbound investment down 40.9% y/y

Headline here from earlier: China YTD non-fin outbound direct investment down 40.9% y/y

More (via Reuters):

• China's non-financial outbound direct investment from January to October fell 40.9 percent year-on-year ... authorities bear down on what they say are speculative foreign ventures
• Outbound investment in October fell 29.6 percent on-year
• Overseas investment by Chinese firms has fallen sharply since Beijing implemented strict controls on capital leaving the country
• China says it continues to encourage genuine overseas deals but has vowed to limit investment in overseas property, hotels, entertainment, sports clubs and film industries it suspects is more speculative and aimed at circumventing tight capital controls

Some useful background from Reuters on the numbers