This website use cookies and similar technologies to improve the site and to provide customised content and advertising. By using this site, you agree to this use. To learn more, including how to change your cookie settings, please view our Cookie Policy
Pocketmags Digital Magazines
Pocketmags Digital Magazines
   You are currently viewing the Canada version of the site.
Would you like to switch to your local site?
Digital Subscriptions > Newsweek International > 22nd April 2016 > THE POWER OF YUAN


From hotels to agrochemicals, China Inc. is on a spending spree abroad

IT WAS ONLY a matter of time. Given the trade surpluses China has built up year after year, its strengthening currency and its lengthening roster of globally ambitious companies, it’s no surprise that the wave of Chinese foreign direct investment in major Western economies has arrived.

WHY NOT? China’s Anbang Insurance Group’s $14 billion bid for Starwood Hotels and Resorts was abruptly dropped at the end of March.

In the first quarter of 2016, Chinese companies have executed or proposed deals worth $100 billion for foreign assets across a range of industries (twice the amount U.S. companies have paid for foreign assets abroad over the same period). Among the highest-profile deals: ChemChina offered $43 billion for Swiss agrochemicals giant Syngenta, Haier paid $5.4 billion for General Electric’s appliance business and conglomerate HNA group bought electronics distribution giant Ingram Micro. Others are almost surely coming. E-commerce giant Alibaba, to take one example, is said to be sniffing around in the entertainment and technology space.

Purchase options below
Find the complete article and many more in this issue of Newsweek International - 22nd April 2016
If you own the issue, Login to read the full article now.
Single Issue - 22nd April 2016
Or 699 points
Annual Digital Subscription
Only $ 0.92 per issue
Or 4699 points
Monthly Digital Subscription
Only $ 1.29 per issue
Or 549 points

View Issues

About Newsweek International

Is Anders Breivik still a threat to Europe?