China invests 9 times more in Europe than in North America

New York, July 22 (TASR) – China invests 9 times more in Europe than in North America due to growing political divergence, according to the Baker Mackenzie Report

Direct Investment On the contrary, investment in North America fell 92% from $ 24 billion ($ 20.57 billion) to $ 2 billion last year

. In the first half of this year, newly announced Chinese mergers and Chinese acquisitions in Europe outpaced investments in North America six times while they reached $ 12 billion against $ 2 billion

. China and the United States, since politicians on both sides are trying to protect domestic industries or prevent capital cuts. In the context of capital scarcity in 2016, China tightened foreign investment regulations to prevent investment losses in the second half of 2016.

Chinese companies are rapidly releasing assets in North America giving up their assets in the first half $ 9.6 billion, reducing asset sales by $ 5 billion. Sales also affected Europe when Chinese companies sold $ 1 billion in assets during the first six months of the year and disbursed $ 7 billion in assets [19659002] In the United States, for reasons of national security, regulation on investment, which requires a more rigorous audit. Also working on a framework for tighter control of technology transfer developed in the United States

China wants to deepen its relationship with Europe because of a growing trade dispute with the United States. Chinese Premier Li Khechiang, who recently welcomed European leaders, stressed the need to promote free trade and multilateralism. Beijing and Brussels also agreed to set up a task force on the reform of the World Trade Organization (WTO)

. In the first half of 2018, Sweden was the leading European destination for Chinese investment ($ 3.6 billion). $ 6 billion), Germany ($ 1.5 billion) and France ($ 1.4 billion).