The figures suggest that Donald Trump’s trade war is starting to backfire spectacularly. Photo credit – Pixabay
Europe attracts nearly ten times more Chinese investment than USA
Chinese companies invested a record $22 billion in European firms between January and June 2018.
To put that figure in context, just $2.5 billion was invested by Chinese firms into American ones over the same period.
The figures suggest that Donald Trump’s trade war is starting to backfire spectacularly – last year, Chinese companies made investments totalling $24 billion into the American economy.
The news comes just days after we reported that a record £1.7 billion was invested by Chinese firms into British technological firms in the first six months of 2018.
That’s according to the latest data, which shows a total figure comprised of tens of different deals – with the FinTech sector in particular attracting exceptional interest.
Chinese investment in the British tech sector will undoubtedly boost technological cooperation between the two countries.
It will also allow British firms to benefit from ties to a country which is increasingly seen as being at the forefront of global tech innovation.