BEIJING Air Jordan 6 VI Retro CDP Countdown Package Women White Online , Aug. 22 (Xinhua) -- After a series of eyebrow raising megadeals in recent years, a number high-profile but less controversial Chinese deals are now grabbing the limelight, including Sanyuan and Fosun's takeover of St-Hubert; Fosun and Nanjing Nangang's stakes in Koller; and Hytera's acquisition of Norsat.


These new deals show the country's foreign investment is stepping out of the fast lane into one focused on sensible investment and quality growth.


A report by accounting firm PwC showed that foreign mergers, and acquisitions by Chinese investors in 2016 more than tripled from the previous year. Much of this involved an increase irrational phenomena and even the suspected transfer of assets, but things are now changing.


Since late 2016, government agencies have been reinforcing inspections on authenticity and regulation compliance of outbound investment in a bid to improve returns and control risk.


In the latest efforts, authorities decided to limit overseas investments by domestic companies in several fields, including real estate and sports clubs, while encouraging them to invest in infrastructure and new technology.


The new measures have proven effective.


In the first seven months of 2017, China's non-financial outbound direct investment (ODI) dropped 44.3 percent year on year to 57.2 billion U.S. dollars, official data showed.


Outbound investment in real estate, culture, sports and entertainment sectors saw substantial declines during the period, the Ministry of Commerce said.


Meanwhile, involvement in billion-dollar-projects has decreased significantly, with the majority of the deals announced this year worth less than 1 billion U.S. dollars.


Fosun's chair Guo Guangchang said the most serious headache for his company in foreign investment used to be big-spending Chinese rivals whose bids were hard to understand. He believes such squandering will diminish as authorities tighten supervision.


Another positive trend is investors increasingly focusing on high technology, structural upgrading and capacity cooperation.


Nanjing Nangang's stake in Koller, for example, eyes the German company's lightweight technology, which could effectively decrease energy consumption and promote sustainable development.


"Koller's expertise in providing lightweight solutions is in line with the company's transformation direction," said Huang Yixing, chairman of Nanjing Nangang.


"Strategic cross-border mergers, especially those associated with industrial upgrading and the Belt and Road Initiative, will take the lion' s share of the country's overseas mergers this year," said Li Ming at PwC.


Last but not least, while many investment bets are overseas, they actually eye domestic markets.


Guo expects that more Chinese companies will integrate global resources through overseas investment and mergers to develop themselves, pointing to Sanyuan and Fosun's plan to buy French margarine maker St-Hubert as a case in point.


The proposed acquisition will introduce healthy foods into China and is aligned with the government's policy to support and drive technological innovation, Guo said.


Authorities will roll out a negative list for programs that forbid and limit foreign investments and facilitate the implementation of those where the government wants to encourage foreign companies to invest, said Huo Jianguo, vice chairman of the China Society for WTO studies.


The State Council last Wednesday made public a series of measures that ensured the steady growth of foreign investment.


China should make its foreign investment environment "more law-based, international and convenient" to increase growth and raise the quality of foreign investment, according to a document by the State Council.


BARCELONA, Aug. 2 (Xinhua) -- Lionel Messi took to social media on Wednesday to wish Neymar luck after the Brazilian announced he was leaving Barcelona after four seasons.


"It was an enormous pleasure to be able to share these years with you, my friend Neymar," Messi wrote on social media along with a video showing the pair playing together.


"I wish you a lot of luck in this new stage of your life. See you," the Argentina international added.


The post came just hours after Neymar told teammates of his decision to quit Barcelona.


His expected destination is Paris Saint-Germain, who have reportedly agreed to pay the 25-year-old's 222 million-euro release fee.


In a statement, Barcelona said: "The player remains under contract at FC Barcelona but with temporary permission to not take part in training sessions."


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Martial arts competition held in China's Henan


by Raul Menchaca


HAVANA, Aug. 6 (Xinhua) -- About 100 Cuban children invited on board "Race for Water" in Havana's bay marveled at this solar, wind and water-powered, futuristic looking watercraft.


"It looks like a metallic island," Karen Silva, 12, told Xinhua as she gazed at the shiny 500-square-meter deck built entirely of solar panels, which help propel the vessel to sail the globe at the speed of about 5 knots, or 10 km, an hour.


Lithium batteries store energy for nighttime sailing or cloudy days, while sea water is processed into hydrogen gas to be converted into electricity to power propellers.


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