Chinese increase investment in Europe.
China's sovereign wealth fund CIC said Thursday it bought a 10% stake in the holding company that controls London's Heathrow Airport. China Investment Corp.
Source : https://www.marocafrik.com/english/Chinese-increas...
In a one-sentence announcement released on its Website, said it had acquired the stake in Heathrow Airport Holdings Ltd. through one of its holding companies Marketwatch, the Wall street Journal site reported.
Despite concerns in other countries about Chinese access to key assets, the UK has been developing closer business ties with China. This is CIC's second investment in British industry,In January, it bought 8.68% of the firm behind UK utility group Thames Water.
The latest airports deal will see the fund pay £450m ($726m) for a 10% stake in Heathrow Airport Holdings Ltd, which was previously known as BAA Ltd.
In France regional authorities from northeastern France signed a historic deal in China this week that will give thousands of Chinese companies a gateway into the European marketplace and create 3,000 much-needed local jobs.
China’s direct investment in Europe continues to rise with figures released in June revealing total input was worth $10 billion in the year 2011. A study cited by the Financial Times suggested Chinese spending in Europe could rise to as much as $500 billion by 2020.
The United States claimed last month that Huawei and another Chinese firm posed a security risk and warned against doing business with them. President Obama blocked a wind farm deal involving Chinese firm Ralls Corp, citing national security issues. Huawei Technologies said it was going to invest £1.3bn expanding its UK operations,according to the BBC.
Qatar has also been investing extensively in the UK and France and whilst the investment is welcome concerns
have been raised. As the recession continues assets are being acquired at a lower cost. The Chinese market is
increasingly important for Germany, emphasised by Chancellor Angela Merkel's second visit to China this year with the largest German business delegation ever, The Wall Street Journal noted in August.
The longer term effects of this change in investment patterns have yet to become fully apparent.
Despite concerns in other countries about Chinese access to key assets, the UK has been developing closer business ties with China. This is CIC's second investment in British industry,In January, it bought 8.68% of the firm behind UK utility group Thames Water.
The latest airports deal will see the fund pay £450m ($726m) for a 10% stake in Heathrow Airport Holdings Ltd, which was previously known as BAA Ltd.
In France regional authorities from northeastern France signed a historic deal in China this week that will give thousands of Chinese companies a gateway into the European marketplace and create 3,000 much-needed local jobs.
China’s direct investment in Europe continues to rise with figures released in June revealing total input was worth $10 billion in the year 2011. A study cited by the Financial Times suggested Chinese spending in Europe could rise to as much as $500 billion by 2020.
The United States claimed last month that Huawei and another Chinese firm posed a security risk and warned against doing business with them. President Obama blocked a wind farm deal involving Chinese firm Ralls Corp, citing national security issues. Huawei Technologies said it was going to invest £1.3bn expanding its UK operations,according to the BBC.
Qatar has also been investing extensively in the UK and France and whilst the investment is welcome concerns
have been raised. As the recession continues assets are being acquired at a lower cost. The Chinese market is
increasingly important for Germany, emphasised by Chancellor Angela Merkel's second visit to China this year with the largest German business delegation ever, The Wall Street Journal noted in August.
The longer term effects of this change in investment patterns have yet to become fully apparent.
Source : https://www.marocafrik.com/english/Chinese-increas...