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Study: China investment in Europe triples
Added At: 2012-06-07 8:27 AM
Last Updated At: 2012-06-07 8:27 AM
ASSOCIATED PRESS
BEIJING: A new study says China's annual investment in Europe tripled last year to $10 billion as Chinese companies sought new markets and technology.
The report Thursday by the New York City-based Rhodium Group said total Chinese investment in Europe could reach $500 billion by 2020.
The report's authors said most Chinese investment appeared to be driven by commercial motives, rather than government directives.
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