Investors look across Atlantic for better prospects
Trade frictions between China and the United States will continue to drive Chinese capital to Europe and such a trend is unlikely to change in the second half of 2018, said experts.
"Under US President Donald Trump's protectionist policy, Chinese investors are losing their confidence in the North America market," said Zhang Yuyan, director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences.
The comment came after global law firm Baker McKenzie and research provider Rhodium Group reported that the value of Chinese companies' newly announced merger and acquisition activities in Europe in the first half of 2018 reached $22 billion, nine times greater than the amount in North America, which was $2.5 billion.
