Shanghai, March 10, 2016 (Xinhua/NAN) Chinese investment in Europe and the U.S. has hit a record high in 2015, according to a report released by law firm Baker & McKenzie on Thursday.
According to the report, in 2015, Chinese investors poured 23 billion U.S. dollars and 15 billion U.S. dollars into Europe and America, respectively.
“Italy, France and the UK were the top three destinations in Europe, and the states of New York, California and Texas were the top U.S. destinations for Chinese investment.
“Chinese investment was concentrated in the real estate, automobile, finance and information technology sectors,’’ it said.
It said that Chinese companies have entered hi-tech and high-end manufacturing through acquisition of well-known companies.
The report added that they have aimed for long-term returns through investment in housing and infrastructure to cushion the risks of economic slowdown in China.