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China First Capital: Chinese firms struggle to get M&A capital

Very good interview on CBNC: China First Capital's Peter Fuhrman says China's capital market makes it difficult for domestic firms to readily access the cash needed for M&A.

With 2016 half over, China remains poised between its promising future and a more troubling, and troubled past and present.

The larger questions are coming into more intense focus: where will the flood of Chinese foreign investment be directed?