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Chinese investment flows overseas, especially to US | Markets | Daily Sabah

Chinese companies are on a North American buying spree, investing $14 billion in the U.S. last year alone to hit a record high. Of the investments made the data indicated unconventional oil and gas was top draw, with $3.2 billion invested in deals that include CNOOC’s CEO purchase of Calgary, Alberta-based Nexen Energy’s U.S. operations, Sinopec’s SHI joint venture with Chesapeake Energy CHK of Oklahoma City, and a Sinochem International stake in West Texas’s Wolfcamp Shale.

via Chinese investment flows overseas, especially to US | Markets | Daily Sabah.

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