Chinese investors love California, but they're putting money elsewhere in the U.S. too - LA Times

Chinese investors love California, but they're putting money elsewhere in the U.S. too - LA Times: "Chinese investments in U.S. businesses hit a record $15 billion last year, with California remaining a top destination, but the money increasingly is being spread throughout the nation as investors expand their spending into hospitality, auto parts and other industries.

This year is on pace to set another record as China's slowing economy and unsteady exchange rate have spurred investors to seek out more security and diversity abroad, according to a study that will be released Tuesday by the nonprofit National Committee on U.S.-China Relations and research firm Rhodium Group.

More than $5 billion in U.S. deals have been completed in the first three months of this year alone. The largest was Dalian Wanda Group's $3.5-billion acquisition of Hollywood production company Legendary Entertainment, known for "The Dark Knight" and "Jurassic World," among other movies."



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