The Briefing Room
General Category => Economy/Business => Topic started by: rangerrebew on September 26, 2016, 12:18:37 pm
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Rhodium Group: Chinese Companies on Pace to Invest $30 Billion in US This Year
(Dollar Photo Club)
Sunday, 25 Sep 2016 03:20 PM
From real estate, to high-tech firms to entertainment giants, Chinese investments in the United States, notably California, are moving at a dizzying pace and are on course to smash records again this year.
Chinese companies shelled out a record $15 billion last year in the US and that figure could more than double in 2016, according to research firm Rhodium Group and the National Committee on US-China Relations.
California, especially the San Francisco Bay Area and Los Angeles, has been at the forefront of China's appetite to invest overseas, with billions of dollars going into the technology, renewable energy and entertainment sectors, and increasingly into real estate.
http://www.newsmax.com/Finance/Econo.../25/id/750047/
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http://www.youtube.com/watch?v=TYKAbRK_wKA
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http://www.youtube.com/watch?v=TYKAbRK_wKA
Wow. A blast from the past--when the National Debt was only about 7 trillion.
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What a silly article. They keep referring to this as investment when it is rich Chinese looking for places to hide money away from the homeland (See Vancouver Housing Market). China is in real deep trouble and the smart money is running for the hills.