China firms invest billions in US despite bilateral tensions
New York
AS China increasingly flexes its financial muscle, the country's companies are spreading their wealth broadly across the United States instead of chasing major lawmakers or causes.
A new study, which looked at Chinese investment by congressional district, found that the money was scattered across every region. Chinese companies are buying trophy properties in New York. They are building manufacturing operations in the Midwest. And they are snapping up Internet companies in California.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
China’s first-quarter industrial profits rise at slower pace
When US diplomats visit China, meal choices are about more than taste buds
Laid-back vibe, stunning beaches, rich cuisine and low cost of living lure more expat retirees to Malaysia
Vietnam tycoon appeals against US$27 billion fraud death sentence
US announces new restrictions on firearm exports
Central banks will probably only cut half as much as they hiked