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Foreign Investors Pile Back Into Booming China

By Thomas Hale   Beijing says the country is a ‘safe harbor’ after its rapid recovery from the pandemic   Ivanhoé Cambridge, a group that invests in international property on behalf of the Quebec state pension system, had already put $2bn into China’s logistics sector over the past few years. In June, as coronavirus was raging across the world, it decided to add another $400m to the total. “We’ve certainly been trying to increase our exposure to logistics in China as quickly and as responsibly as we can,” said George Agethen, senior vice-president, Asia Pacific, at the Canadian company, who points...

Amundi Expands in China as Beijing Further Opens Up Asset Management

By Thomson Reuters   SHANGHAI (Reuters) - Amundi, Europe's largest asset manager, launched a wealth management venture in Shanghai on Wednesday and plans to set up an outbound investment business in Beijing as China opens its doors wider to global asset managers.   The French company, which already owns a mutual fund venture in China, is capitalizing on a new round of financial opening by Beijing that also galvanized other global asset managers such as BlackRock.   "You don't have a single market in the world where you see global asset managers are positioning themselves so proactively, and so resourcefully," said...

Zimbabwean president urges Chinese investment in Zimbabwe's tourism sector

Zimbabwean President Emmerson Mnangagwa urged Chinese investors to invest in Zimbabwe's tourism sector and help turn the southern African country into a competitive tourist destination. He made the remarks on the occasion where a visiting delegation from China's Zhejiang Province and the Zimbabwean government officials and business leaders witnessed the signing of a twinning arrangement between Zimbabwe's Chinhoyi City and China's Dongyang City. He said Zimbabwe possesses vast tourism opportunities which if fully harnessed, could help the country in its quest to become an upper middle income economy by 2030. It emerged at the meeting that Zimbabwe had set aside...

Melbourne Top Investment Choice for Chinese Buyers

Chinese buyer enquiries for residential property in Australia has recorded two consecutive quarters of year-on-year growth for the first time since 2016, with Melbourne still the most popularAustralian city. Australia has been losing Chinese buyer interest to other parts of the world due to increased taxes and banking restrictions. But Australia's hefty state foreign buyer taxes have been counterbalanced by its weakening dollar according to the latest Juwai.com report, which has seen it drop around 11 per cent of its value against the Chinese Yuan since mid-2018. Juwai.com CEO Carrie Law says she expects Chinese buying to remain flat in 2019, with forecasts it could...

How Bangladesh Learned to Love the Belt and Road

Bangladeshi Prime Minister Sheikh Hasina’s recent visit to China saw the two countries sign nine instruments — these included five agreements, three memorandums of understanding (MoUs) and a document — covering a range of sectors including power, investment, culture, tourism, and technology. Important among these is a Letter of Exchange under which China will provide Bangladesh with 2,500 metric tons of rice as aid for Rohingya refugees and two agreements that relate to China’s extension of loans worth $1.7 billion for Bangladesh’s power sector. During Hasina’s visit, Beijing also assured Dhaka that it would better align its projects under the Belt and Road Initiative (BRI) with...

Chinese investment strains Cambodian society

The past decade has witnessed an unprecedented and massive influx of Chinese investments and tourism into Cambodia. The capital inflow and rising visitor numbers have been both beneficial and disruptive for Cambodia's economic development and social cohesion. Chinese investments have impacted Cambodia's domestic politics and foreign policy in ways that have facilitated the country's drift toward autocratic rule. They also appear to be leading to far-reaching environmental and sociocultural changes. The experience offers valuable lessons for other countries in Southeast Asia, and highlights an urgent dilemma for the government and society alike. Relations between Cambodia and China gained momentum after...

Chinese investment in US plummets 90 percent amid Trump trade war

Chinese investment in the U.S. plunged nearly 90 percent during President Trump's first two years in office as the world's two largest economies have waged an aggressive trade war. According to figures from the data research firm Rhodium Group, investment from China hit an all-time high of $46.5 billion in 2016. The following year that amount dropped to $29.7 billion before plummeting to a nine-year low of $5.4 billion in 2018. During that two-year period, investment declined 88 percent. Trump has imposed tariffs on $250 billion worth of Chinese imports as a way to exert pressure on the world's second-largest economy to change some of its business...

Chinese SOE to sign for a 100 MUSD deal on an Industrial Park In Mexico

The Governor Alejandro Tello, Governor of Zacatecas Province,  and the Chinese SOE Gezhouba Group Corporation (CGGC) signed a framework agreement, which indicates the process to build and promote the future Zacatecas Industrial Park (PIZ), which will have an initial investment of 104 MUSD . Gathered in the General Secretariat of Government, the Executive of Zacatecas and the Vice President of CGGC, Zhou Xing, signed this one-of-a-kind agreement, given that it is the first association that arises between a Chinese SOE and a Mexican State Government. The objective of the agreement is to specialize Zacatecas within the automotive, aerospace and mechanical...