China’s overseas acquisitions tanked in 2020. Where did its companies still choose to invest?
Wingtech’s stake in Nexperia increased by nearly 20 percent in 2020. Credit: Wingtech
Chinese investors are proving less ready to splash their cash overseas.
Numbers through November from the Chinese government showed $95 billion in overseas non-financial deals, which make up only a part of all overseas funding. However, the China Global Investment Tracker (CGIT), run for years by the American Enterprise Institute and the Heritage Foundation, found just $30.5 billion worth of significant investment and construction deals over the entire year.CGIT only tracks de
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Walmart should be in trouble in China, where its competitors are in retreat and its sourcing operations have been criticised by both Beijing and Washington. But the American retailer seems to have found a way forward in a difficult sector and remains one of the biggest benefactors of China-U.S. trade.
The Commerce Department wants to expand export controls to majority-owned subsidiaries of Chinese companies. That could trigger cascading effects — and challenges.
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