Business / Industries

Chinese companies to invest $20b in overseas properties in 2015

(Agencies) Updated: 2015-01-27 07:50

Related special coverage: Top 6 landmarks bought by Chinese firms, produced by chinadaily.com.cn

As China's domestic economy slows down, Chinese companies are speeding up overseas expansion, tapping new markets or buying assets. Landmark buildings are increasingly becoming favored targets.

Let us take a look at some famous buildings bought by Chinese companies.

General Motors building

In June 2013 a group of investors led by Chinese real-estate tycoon Zhang Xin bought a 40 percent stake in the 50-story General Motors building in midtown Manhattan in New York at a price of $1.4 billion.

Chinese companies to invest $20b in overseas properties in 2015

General Motors building (center) in midtown Manhattan in New York. [Photo/Agencies]

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