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
Putin plans to meet Xi in China days after his new term starts
Biden vetoes bid to repeal US labour board rule on contract, franchise workers
Economic leaders of South Korea, Japan, China say FX volatility is a risk
US automakers win extension on use of Chinese graphite in EV tax credits
US service sector contracts in April; price pressures up
Thaksin’s daughter calls central bank independence an ‘obstacle’