Chinese investment in Europe dips in H1

Chinese investment in Europe nose-dived in the first half of this year from the same period of last year due to growing trade tension and economic uncertainty, according to a report from international consultancy group EY.

Chinese companies invested $2.4 billion in Europe in the first half of 2019, a decline of 84 percent compared with the first six months of last year, the report said.

During the first six months, Chinese companies bought out or bought into 81 European businesses, down 28 percent. Since most transactions were relatively smaller ones, investment shrank by $15.3 billion compared with the same period last year.