|
Download Chinese investment in the United States is expected to hit a record high this year, thanks largely to big-ticket items, according to a report from the Rhodium Group, a New York-based organization that analyzes global trends. Chinese foreign direct investment, or outbound FDI, in the US reached $3.6 billion in the first half of this year, and covered 33 projects, the report said. Of these, 12 were acquisitions and 21 involved green-field investments (the construction of new facilities). The first six months of 2017 saw a record investment for any half year from China. Thilo Hanemann, research director for Rhodium, which monitors Chinese FDI in the US, said that the large-scale investments could make 2017 a record year, beating the $5.7 billion record set in 2010. Ge Shunqi, deputy head of the Institute of International Economics at Nankai University in Tianjin, told China Daily that with the US economy trying to get out of the doldrums, investment from China is particularly welcomed. "Chinese investment in the US offers great potential and will help stabilize growth in the next decade." Sang Baichuan, director of the Institute of International Business at the University of International Business and Economics, believed that a new era was dawning. "After decades of growth, Chinese enterprises are capable of entering the developed US market and China's large foreign reserves will also be of benefit." | 
