Currencies, Emerging Markets, Stocks

China Investors Made Record Allocations In Europe And U.S. In 2015: Baker & McKenzie

Photo courtesy of ChinaFotoPress.

Photo courtesy of ChinaFotoPress.

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:

  1. Italy,
  2. France,
  3. and the U.K.

On the other hand in America the most attractive states were:

  1. New York,
  2. California,
  3. and Texas.

 

Chinese investments dominated the following sectors:

  • the real estate,
  • automobile,
  • finance
  • 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.

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