Chinese companies invested $12.3 billion in the advanced economies of Europe and North America in the first half of the year, the lowest amount since 2014 and almost a fifth less than last year, according to the law firm Baker McKenzie, said the South China Morning Post.
The findings from the firm’s research attributed the decline to state-owned firms turning away from both regions, while private companies accounted for 94% of the total spent in the first six months.
China’s global outbound investment continued to fall in the first half of the year, with newly announced merger and acquisition transactions down 60% to $20 billion, according to the data.
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