China Buys Foreign Companies at a Record Pace
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Chinese money has been going overseas for years now, snapping up real estate, technology companies, and more than anything, oil and gas resources. But this year will be a turning point: For the first time, Chinese overseas investment will surpass foreign direct investment into China.
Chinese investment is poised to exceed $120 billion in 2014, up from $108 billion last year, predicts the Beijing-based Center for China & Globalization in a report released Wednesday. Foreign investment into China totaled $87.36 billion in the first nine months. It is expected to reach $120 billion this year.