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Chinese Investment in US Doubled in 2013

  • VOA News

A New York-ased research group says Chinese direct investment in the U.S. doubled to $14 billion in 2013, led by a massive increase in private capital.

The Rhodium Group report says private Chinese firms and individuals accounted for 76 percent of all new investment - mainly in the food, energy and real-estate sectors.

In past years, private Chinese businesses accounted for most of the deals, but only a small share of the total value of investment in the U.S..

The report predicted that China will maintain a high level of interest due to Chinese economic reforms, including a more relaxed environment on investing overseas, as well as a positive outlook for the U.S. economy.