The changing face of Chinese ODI in the United States
As Chinese investment in the United States is on the rise this year, a few new elements are worth noticing from the deals of 2013. New York-based research firm Rhodium Group released a new report noting three interesting observations about Chinese investment in the US last year. More private firms invested; more local jobs were created; and politics was no longer the common denominator of deals that failed.
Overall, Chinese investment in the US doubled last year, driven by large-scale acquisitions in food, energy and real estate, according to Rhodium. Among them private firms started to take off in investment - accounting for more than 80 percent of transactions and more than 70 percent of total value.
David Riedel, president of New York-based Riedel Research Group, said investment in these sectors will continue to grow this year.