The United States remains a major target of Chinese outbound investment activity, with $12 billion worth of deals completed in 2014. This note reviews investment and policy trends from Q4 in the context of full year 2014 trends.
Chinese investment over the past 12 months totaled $12 billion, topping the $10 billion mark for the second year in a row. The number of M&A transactions reached a new all-time high in 2014, as smaller sized deals and financial stakes are becoming an important driver of investment activity.
The outlook for 2015 remains very strong, with more than $3 billion in deals currently pending and several large, multiyear greenfield projects in real estate and other sectors started in 2014.