China’s overseas investment climbed by 123 percent last year, on the back of increased M&A activity by Chinese companies, according to a report. The total figure was US$12.3 billion. According to figures from China Daily and Ministry of Commerce, total Chinese investments abroad were US$57.2 billion at the end of last year.
The top investment destinations were:
• Hong Kong
• The United States
Manufacturing businesses represented over half the total, and top sectors included
So the “go global” policy continues to go, and the steps are getting bigger. It is all part of the move to get more international, reduce reliance on low-end exports…and spend some of those dollars!
China’s investment abroad rose by 123% last year
Malaysia Star – Malaysia
BEIJING (AP) – China’s investment in foreign countries soared by 123 percent last year to US$12.3 billion (euro9.6 billion), driven by a surge in mergers and …