{"id":142338,"date":"2012-08-28T00:45:36","date_gmt":"2012-08-28T07:45:36","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/?p=142338"},"modified":"2012-08-28T00:47:39","modified_gmt":"2012-08-28T07:47:39","slug":"chinese-firms-look-west-amid-economic-slowdown","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2012\/08\/chinese-firms-look-west-amid-economic-slowdown\/","title":{"rendered":"Chinese Firms Look West Amid Economic Slowdown"},"content":{"rendered":"

From investments in energy, property, entertainment<\/a> and other sectors, David Pierson and Don Lee of The Los Angeles Times report that Chinese firms have been snapping up U.S. assets at a record pace<\/strong><\/a>:<\/p>\n

With U.S. real estate prices depressed and many firms in the West starved for cash, the Chinese see a prime opportunity to rummage through the bargain bins of rich countries to gain technological know-how and international reach.<\/p>\n

They’re also hedging against rising costs and uncertainties inside China. The world’s second-largest economy is struggling with its slowest growth rate since the financial crisis in 2008.<\/p>\n

“The Chinese growth model is changing fundamentally,” said Thilo Hanemann, research director for the New York-based Rhodium Group, which tracks Chinese direct investment.<\/p>\n

“Chinese companies need to escape the profit squeeze in low-end manufacturing and move up and down the value chain. Expanding investment in developed economies is an essential part of that,” Hanemann said.<\/p><\/blockquote>\n

Examples abound – Real estate magnate Wang Jianlin’s Wanda Group agreed to acquire cinema chain AMC Entertainment<\/a> in late May, and last week Chinese sovereign wealth fund CIC made an investment in a U.S. natural gas export plant<\/a>. The trend is worrying some American officials, Pierson and Lee add, even if the China issue has taken a backseat during the U.S. presidential campaign. China’s investment push west has also raised official eyebrows<\/a> north of the border, where state-owned CNOOC has faced obstacles in its\u00a0proposed $15.1 billion acquisition<\/a> of Canada<\/a>\u2019s Nexen<\/a>. CNOOC’s offer for Nexen would be the richest foreign takeover ever for a Chinese company, according to Reuters, which reported last week that shareholders will vote next month<\/strong><\/a> on whether to approve the transaction:<\/p>\n

The move is the most ambitious foray by resource-hungry China into North American energy since a 2005 attempt to buy U.S.-based Unocal for $18.5 billion was thwarted by a political backlash in the United States.<\/p>\n

Chinese companies have been among the most aggressive in targeting assets around the globe to help feed demand in the world’s second-biggest economy.<\/p>\n

According to details included in a proxy circular filed with regulators, CNOOC’s July 23 offer of $27.50 per Nexen share came after the Canadian firm rejected two earlier bids.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

From investments in energy, property, entertainment and other sectors, David Pierson and Don Lee of The Los Angeles Times report that Chinese firms have been snapping up U.S. assets at a record pace: With U.S. real estate prices depressed and many firms in the West starved for cash, the Chinese see a prime opportunity to […]<\/p>\n","protected":false},"author":983,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[116,2,14744,14745,14746,100],"tags":[15291,6363,15490,779,7702,15280],"class_list":["post-142338","post","type-post","status-publish","format-standard","hentry","category-world","category-economy","category-level-2-article","category-level-3-article","category-level-4-article","category-politics","tag-amc-entertainment","tag-canada","tag-nexen","tag-overseas-investment","tag-us-relations","tag-wanda-group","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"\nChinese Firms Look West Amid Economic Slowdown<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/chinadigitaltimes.net\/2012\/08\/chinese-firms-look-west-amid-economic-slowdown\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chinese Firms Look West Amid Economic Slowdown\" \/>\n<meta property=\"og:description\" content=\"From investments in energy, property, entertainment and other sectors, David Pierson and Don Lee of The Los Angeles Times report that Chinese firms have been snapping up U.S. assets at a record pace: With U.S. real estate prices depressed and many firms in the West starved for cash, the Chinese see a prime opportunity to […]\" \/>\n<meta property=\"og:url\" content=\"http:\/\/chinadigitaltimes.net\/2012\/08\/chinese-firms-look-west-amid-economic-slowdown\/\" \/>\n<meta property=\"og:site_name\" content=\"China Digital Times (CDT)\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ChinaDigitalTimes\" \/>\n<meta property=\"article:published_time\" content=\"2012-08-28T07:45:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2012-08-28T07:47:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.png\" \/>\n\t<meta property=\"og:image:width\" content=\"186\" \/>\n\t<meta property=\"og:image:height\" content=\"177\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Scott Greene\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cdt\" \/>\n<meta name=\"twitter:site\" content=\"@cdt\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Scott Greene\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"http:\/\/chinadigitaltimes.net\/2012\/08\/chinese-firms-look-west-amid-economic-slowdown\/#article\",\"isPartOf\":{\"@id\":\"http:\/\/chinadigitaltimes.net\/2012\/08\/chinese-firms-look-west-amid-economic-slowdown\/\"},\"author\":{\"name\":\"Scott Greene\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#\/schema\/person\/3393334e12ee6be1f84abbe56c37b108\"},\"headline\":\"Chinese Firms Look West Amid Economic Slowdown\",\"datePublished\":\"2012-08-28T07:45:36+00:00\",\"dateModified\":\"2012-08-28T07:47:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\/\/chinadigitaltimes.net\/2012\/08\/chinese-firms-look-west-amid-economic-slowdown\/\"},\"wordCount\":372,\"publisher\":{\"@id\":\"https:\/\/chinadigitaltimes.net\/#organization\"},\"keywords\":[\"AMC Entertainment\",\"Canada\",\"Nexen\",\"overseas investment\",\"U.S. relations\",\"Wanda Group\"],\"articleSection\":[\"China & the World\",\"Economy\",\"Level 2 Article\",\"Level 3 Article\",\"Level 4 Article\",\"Politics\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"http:\/\/chinadigitaltimes.net\/2012\/08\/chinese-firms-look-west-amid-economic-slowdown\/\",\"url\":\"http:\/\/chinadigitaltimes.net\/2012\/08\/chinese-firms-look-west-amid-economic-slowdown\/\",\"name\":\"Chinese Firms Look West Amid Economic Slowdown\",\"isPartOf\":{\"@id\":\"https:\/\/chinadigitaltimes.net\/#website\"},\"datePublished\":\"2012-08-28T07:45:36+00:00\",\"dateModified\":\"2012-08-28T07:47:39+00:00\",\"breadcrumb\":{\"@id\":\"http:\/\/chinadigitaltimes.net\/2012\/08\/chinese-firms-look-west-amid-economic-slowdown\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"http:\/\/chinadigitaltimes.net\/2012\/08\/chinese-firms-look-west-amid-economic-slowdown\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"http:\/\/chinadigitaltimes.net\/2012\/08\/chinese-firms-look-west-amid-economic-slowdown\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/chinadigitaltimes.net\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Chinese Firms Look West Amid Economic Slowdown\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#website\",\"url\":\"https:\/\/chinadigitaltimes.net\/\",\"name\":\"China Digital Times (CDT)\",\"description\":\"Covering China from Cyberspace\",\"publisher\":{\"@id\":\"https:\/\/chinadigitaltimes.net\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/chinadigitaltimes.net\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#organization\",\"name\":\"China Digital Times\",\"url\":\"https:\/\/chinadigitaltimes.net\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.jpg\",\"contentUrl\":\"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.jpg\",\"width\":186,\"height\":177,\"caption\":\"China Digital Times\"},\"image\":{\"@id\":\"https:\/\/chinadigitaltimes.net\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/ChinaDigitalTimes\",\"https:\/\/x.com\/cdt\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#\/schema\/person\/3393334e12ee6be1f84abbe56c37b108\",\"name\":\"Scott Greene\",\"description\":\"Scott Greene grew up in Singapore and graduated from Middlebury College with a degree in East Asian Studies. His chief interests are Asian politics, business, media, information control, and international affairs.\",\"url\":\"https:\/\/chinadigitaltimes.net\/author\/scott-greene\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Chinese Firms Look West Amid Economic Slowdown","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"http:\/\/chinadigitaltimes.net\/2012\/08\/chinese-firms-look-west-amid-economic-slowdown\/","og_locale":"en_US","og_type":"article","og_title":"Chinese Firms Look West Amid Economic Slowdown","og_description":"From investments in energy, property, entertainment and other sectors, David Pierson and Don Lee of The Los Angeles Times report that Chinese firms have been snapping up U.S. assets at a record pace: With U.S. real estate prices depressed and many firms in the West starved for cash, the Chinese see a prime opportunity to […]","og_url":"http:\/\/chinadigitaltimes.net\/2012\/08\/chinese-firms-look-west-amid-economic-slowdown\/","og_site_name":"China Digital Times (CDT)","article_publisher":"https:\/\/www.facebook.com\/ChinaDigitalTimes","article_published_time":"2012-08-28T07:45:36+00:00","article_modified_time":"2012-08-28T07:47:39+00:00","og_image":[{"width":186,"height":177,"url":"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.png","type":"image\/png"}],"author":"Scott Greene","twitter_card":"summary_large_image","twitter_creator":"@cdt","twitter_site":"@cdt","twitter_misc":{"Written by":"Scott Greene","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"http:\/\/chinadigitaltimes.net\/2012\/08\/chinese-firms-look-west-amid-economic-slowdown\/#article","isPartOf":{"@id":"http:\/\/chinadigitaltimes.net\/2012\/08\/chinese-firms-look-west-amid-economic-slowdown\/"},"author":{"name":"Scott Greene","@id":"https:\/\/chinadigitaltimes.net\/#\/schema\/person\/3393334e12ee6be1f84abbe56c37b108"},"headline":"Chinese Firms Look West Amid Economic Slowdown","datePublished":"2012-08-28T07:45:36+00:00","dateModified":"2012-08-28T07:47:39+00:00","mainEntityOfPage":{"@id":"http:\/\/chinadigitaltimes.net\/2012\/08\/chinese-firms-look-west-amid-economic-slowdown\/"},"wordCount":372,"publisher":{"@id":"https:\/\/chinadigitaltimes.net\/#organization"},"keywords":["AMC Entertainment","Canada","Nexen","overseas investment","U.S. relations","Wanda Group"],"articleSection":["China & the World","Economy","Level 2 Article","Level 3 Article","Level 4 Article","Politics"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"http:\/\/chinadigitaltimes.net\/2012\/08\/chinese-firms-look-west-amid-economic-slowdown\/","url":"http:\/\/chinadigitaltimes.net\/2012\/08\/chinese-firms-look-west-amid-economic-slowdown\/","name":"Chinese Firms Look West Amid Economic Slowdown","isPartOf":{"@id":"https:\/\/chinadigitaltimes.net\/#website"},"datePublished":"2012-08-28T07:45:36+00:00","dateModified":"2012-08-28T07:47:39+00:00","breadcrumb":{"@id":"http:\/\/chinadigitaltimes.net\/2012\/08\/chinese-firms-look-west-amid-economic-slowdown\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["http:\/\/chinadigitaltimes.net\/2012\/08\/chinese-firms-look-west-amid-economic-slowdown\/"]}]},{"@type":"BreadcrumbList","@id":"http:\/\/chinadigitaltimes.net\/2012\/08\/chinese-firms-look-west-amid-economic-slowdown\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/chinadigitaltimes.net\/"},{"@type":"ListItem","position":2,"name":"Chinese Firms Look West Amid Economic Slowdown"}]},{"@type":"WebSite","@id":"https:\/\/chinadigitaltimes.net\/#website","url":"https:\/\/chinadigitaltimes.net\/","name":"China Digital Times (CDT)","description":"Covering China from Cyberspace","publisher":{"@id":"https:\/\/chinadigitaltimes.net\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/chinadigitaltimes.net\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/chinadigitaltimes.net\/#organization","name":"China Digital Times","url":"https:\/\/chinadigitaltimes.net\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/chinadigitaltimes.net\/#\/schema\/logo\/image\/","url":"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.jpg","contentUrl":"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.jpg","width":186,"height":177,"caption":"China Digital Times"},"image":{"@id":"https:\/\/chinadigitaltimes.net\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ChinaDigitalTimes","https:\/\/x.com\/cdt"]},{"@type":"Person","@id":"https:\/\/chinadigitaltimes.net\/#\/schema\/person\/3393334e12ee6be1f84abbe56c37b108","name":"Scott Greene","description":"Scott Greene grew up in Singapore and graduated from Middlebury College with a degree in East Asian Studies. His chief interests are Asian politics, business, media, information control, and international affairs.","url":"https:\/\/chinadigitaltimes.net\/author\/scott-greene\/"}]}},"_links":{"self":[{"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/posts\/142338","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/users\/983"}],"replies":[{"embeddable":true,"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/comments?post=142338"}],"version-history":[{"count":0,"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/posts\/142338\/revisions"}],"wp:attachment":[{"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/media?parent=142338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/categories?post=142338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/tags?post=142338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}