China’s overseas investment into North America and Europe falls 73 percent in 2018

Sharing is Caring!

What does China own in the US? from CNBC.

via CNBC:

  • Chinese foreign direct investment into North America and Europe fell by 73 percent to a six-year low in 2018, Baker and McKenzie said.
  • That’s as the United States tightened the security of deals and Chinese restrictions on outbound investment bit, the law firm said.
  • Even after stripping out the effect of the $43 billion takeover of Syngenta by ChemChina in 2017, the underlying drop in deal volumes was 40 percent.
READ  Dan Bongino Lists 3 Things Threatening America the Most - Republicans Should Take Notes

 

Chinese foreign direct investment into North America and Europefell by 73 percent to a six-year low last year as the United Statestightened scrutiny of deals and Chinese restrictions on outbound investment bit, law firm Baker & McKenzie said.

The figures reflected the impact of escalating trade and political friction between Washington and Beijing. After taking divestitures into account, net Chinese FDI flows into the United States actually turned negative.

READ  NOT BAD ENOUGH: This was one of the worst weeks for China on the world stage in a while.

Investment into the United States fell by 83 percent but, by contrast, grew by 80 percent into Canada. In Europe, despite an overall decline, Chinese FDI into countries like GermanyFrance and Spainalso actually grew.

Completed Chinese FDI deals in the two Western regions fell to $30 billion in 2018 from $111 billion the year before, Baker & McKenzie said in a report prepared with research firm Rhodium Group.

 

613 views

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.