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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