Sunday, September 25, 2016

California dreamin' for Chinese investors in US

(Source: France 24) From real estate, to high-tech firms to entertainment giants, Chinese investments in the United States, notably California, are moving at a dizzying pace and are on course to smash records again this year.  Chinese companies shelled out a record $15 billion last year in the US and that figure could more than double in 2016, according to research firm Rhodium Group and the National Committee on US-China Relations. California, especially the San Francisco Bay Area and Los Angeles, has been at the forefront of China's appetite to invest overseas, with billions of dollars going into the technology, renewable energy and entertainment sectors, and increasingly into real estate.  China has pumped $8 billion into California businesses since 2000, more than in any other state, a recent Rhodium Group study said. Read the report at http://m.france24.com/

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