Chinese private investment to U.S. to hit record high
This could mean new record highs for the whole year. That trend, accompanied by declines in private investments in domestic projects, has sparked concern over the outlook of the Chinese economy and capital outflows that could exacerbate the current economic slowdown.
In the first six months of the year, Chinese companies invested nearly $29 billion in the U.S., already surpassing the previous full-year record of $18 billion in 2014, Derek Scissors, a resident scholar at the American Enterprise Institute (AEI), wrote in an article on the Wall Street Journal on Thursday, citing a report from the AEI.
And for the first time, outbound investment by private companies is larger than that by State-owned enterprises (SOEs), according to the report.
The surge in outbound Chinese private capital has been attributed to the slowing economy, which, official data showed, grew by 6.7 percent in the first half of the year, as well as the government's measures to revive it. ■