Chinese companies bought US$3.9 billion in US assets last year, more than the US$3 billion in Chinese assets bought by US companies, the South China Morning Post reported. It was the first time Chinese investment in the US outpaced US purchases of mainland assets. US investment in China fell 80% from 2008, while Chinese was nearly four times higher than the previous year. However, Chinese investment in the US made up only 3% of total US foreign investment in 2009. Analysts said increased investment in US firms represented a way for China to hedge its currency risks, as well as taking advantage of relatively cheap valuations of US firms.
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