Chinese companies’ cash heading for Europe, North America drops to five-year low as capital controls, scrutiny abroad puts the brakes on investment

//Chinese companies’ cash heading for Europe, North America drops to five-year low as capital controls, scrutiny abroad puts the brakes on investment

Chinese companies’ cash heading for Europe, North America drops to five-year low as capital controls, scrutiny abroad puts the brakes on investment

Chinese companies invested just US$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 data compiled by law firm Baker Mckenzie.The decline has been almost entirely down to state-owned firms turning their backs on the EU and America, a research report issued by the firm on Thursday found. Private firms accounted for 94 per cent of the total spend in the first six…

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By | 2019-07-11T14:30:04+00:00 July 11th, 2019|Business|Comments Off on Chinese companies’ cash heading for Europe, North America drops to five-year low as capital controls, scrutiny abroad puts the brakes on investment