“Chinese investment in Europe and the United States hit a record high in 2015, according to a report released by law firm Baker & McKenzie on Thursday,” Xinhua reports.
Just in 2015 China allocated:
- US$ 23 billion into Europe,
- US$ 15 billion into America.
The top three investment destinations in Europe were:
- and the U.K.
On the other hand in America the most attractive states were:
- New York,
- and Texas.
Chinese investments dominated the following sectors:
- the real estate,
- and information technology.
According to Xinhua:
Chinese companies have entered hi-tech and high-end manufacturing through acquisition of well-known companies. They have aimed for long-term returns through investment in housing and infrastructure to cushion the risks of economic slowdown in China, it [report] said.