In the news: Outbound investment picks up in the US and GSK executives likely to be charged

| BY

clpstaff &clp articles

Outbound investment into the US reached record levels, boosted in part by the closing of Shuanghui's acquisition of Smithfield. GSK's executives under investigation are likely to be charged but the company may avoid penalties

China FDI reaches new heights in the US

Rhodium Group released their Chinese FDI in the United States: Q3 2013 Update last week. Shuanghui International's $7.1 billion acquisition of Smithfield marked the largest Chinese acquisition in the US to date. In addition, Chinese real estate developers tapped the US property market with Fosun's $725 million purchase of Chase Manhattan Plaza and Shanghai Greenland's investment in New York. The Update notes that in the first nine months of this year, Chinese firms spent a record $12.2 billion on 55 projects and acquisitions in the US. In addition, Smithfield's takeover has catapulted the amount of US workers that receive paychecks from Chinese-owned companies from 33,000 to more than 70,000.

Source: Rhodium Group

This premium content is reserved for
China Law & Practice Subscribers.

  • A database of over 3,000 essential documents including key PRC legislation translated into English
  • A choice of newsletters to alert you to changes affecting your business including sector specific updates
  • Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
For enterprise-wide or corporate enquiries, please contact our experienced Sales Professionals at +44 (0)203 868 7546 or [email protected]