Print
Email
0
0
China's investment in the United States doubled to $14 billion last year despite sometimes rocky political ties, with private firms leading the way, said a study out Tuesday. About half of the value consisted of Shuanghui International's takeover of prominent pork producer Smithfield Foods, a $7.1 billion deal that marked the largest ever Chinese acquisition of a US company. But the report by the Rhodium Group, a New York-based firm that looks closely at Chinese investment, found that the total number of deals had also risen from 2012 to 82. The total value of investment hit a record high of $14 billion, with high-profile deals in real estate as well as Chinese investors took stakes in the General Motors Building and Chase Manhattan Plaza in New York.
Average Rating