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Chinese buying no concern

China Daily | Updated: 2016-06-27 08:36

According to data from French media and Thomson Reuters, Chinese companies spent $27.7 billion on the acquisition of European enterprises, brands or shares in 2015, and such kind of spending soared to $62.4 billion in the first half of this year.

Of Chinese investment overseas, 60 percent is now in Europe, compared with 25 percent in North America and less than 15 percent in the rest of the world. Europeans previously held a welcoming attitude toward Chinese investors, believing capital from China can help them overcome their difficulties.

However, drastically increased Chinese acquisitions in Europe have caused European concerns that "Chinese will not only buy out all the goods in duty-free airport shops, but will also buy the entire airport and shops". Especially after Chinese electronics retailer Suning Commerce Group recently acquired a majority stake in the Italian soccer club Inter Milan, some in Europe have expressed concerns that "China's purchasing power is conquering Europe".

Chinese buying no concern

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