China doubles investment in EU

- Chin has greatly doubled its investments in Europe last year. Contrary to the record number of transactions, there is a growing resistance to Chinese acquisitions.

Chinese investment abroad reached a record in 2016 of $ 200 billion.

According to research by law firm Baker McKenzie, half of the investments went to Europe and North America.

Last year, Chinese investors canceled twenty deals, collectively worth $ 74 billion.

The number of withdrawn transactions increased after China took measures against the outflow of capital.

Chinese investment abroad reached a new record in 2016 of $ 200 billion.

According to research by law firm Baker McKenzie, half of the investments went to Europe and North America.

In Europe, Chinese investment has more than doubled, the office reports Tuesday. \u0026 Nbsp;

'Although more than half of all Chinese investment in Europe has taken place in the last three years, the past year was also a record year for canceled transactions,' said Wibren Veldhuizen, partner tax at Baker McKenzie.

For 2008, China invested less than $ 1 billion a year in Europe and North America.

Around 70% of the investments came from private companies, the rest of state-owned companies.

Beijing encourages companies to purchase more advanced technology, consumer brands and so-called 'safe haven' investments.

Although the number of closed deals (175) has not grown, according to Baker McKenzie, the size of the deals has increased.

The most active buyers were 'old rats' like HNA Group, Haier, Tencent, Anbang and Wanda. In addition, newcomers like device giant Midea, Cartridge maker Apex Technology and China's largest online travel company Ctrip.

In North America, investment from China, especially in the housing market, tripled transport and consumer products.

In Europe, ict is primarily $ 13.7 billion, infrastructure ($ 12.2 billion) and what Baker McKenzie calls industrial property ($ 6.2 billion). Together, accounting for 70% of total investment.

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