Chinese companies to invest $20b in overseas properties in 2015
(Agencies) Updated: 2015-01-27 07:50Related 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.
|
|
|
General Motors building (center) in midtown Manhattan in New York. [Photo/Agencies] |
- Watchdog finds fake goods in online malls
- Half of China's aluminum smelters running at a loss
- China cut fuel prices again
- Chinese firms go digital to expand overseas business
- Coordinated momentum needed for area surrounding capital
- A new normal Chinese economy requires decisive role of market
- China's cross-border e-commerce pilots see growing trade
- South China's Dongguan moves to bring production into modern era
Hot Topics
Editor's Picks
