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China on path to surpass the U.S. in foreign acquisitions
Ever since 2007 the United States has led the world in foreign acquisitions. However, with China already surpassing their last year’s numbers through the first five months of 2016, the Asian power is on pace to usurp America’s position as the global leader in offshore asset purchases.
China’s purchases of foreign businesses and assets extend all the way across the globe, including even the U.S. itself when it bought J.P. Morgan Chase’s headquarters a few years back.
Additionally, foreign purchases of assets are expected to increase as China begins full bore into their Silk Road initiative, adding both warehousing, transportation, and financial infrastructures in every country along the route from Korea to London.
from The Daily Economist http://ift.tt/1XEn1sm , news , insurance , credit cards , legal , work, sports , artists , car , home , entertainment
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