Chinese investment in Europe reaches record high

Chinese investment in Europe reaches record high

الاربعاء 1438/4/13 هـ الموافق 2017/01/11 م واس

Beijing, Rabi’II 13, 1438, Jan 11, 2017, SPA — Chinese outbound foreign direct investment (OFDI)
soared to a record high in 2016 to reach nearly 200 billion dollars,
dpa cited a report as saying Wednesday.
The European Union continues to be the favorite destination for Chinese investors, however imbalances are growing as Chinese investors spent four times as much on acquisitions in the EU last year as European investors did in China.
The study by research firm Rhodium Group and the Mercator Institute for China Studies estimated that Chinese direct investment in the EU grew by 76 per cent to 35.1 billion euro (36.9 billion dollars) in 2016, dwarfing the opposite flow of 7.7 billion euro.
–SPA
11:13 LOCAL TIME 08:13 GMT