The Michael Shearin Group Morgan Stanley Paris Deals Europe catches the third wave of ODI from China
China Inc is going shopping, but its target is shifting from resources and infrastructure to services and manufacturing technology - and Europe is likely to be the main beneficiary.
Despite the size of its economy, China is a small player in overseas direct investment, accounting for 12 per cent of global output, but just 2.1 per cent of global direct investment, according to HSBC Global research.
China Inc is going shopping, but its target is shifting from resources and infrastructure to services and manufacturing technology - and Europe is likely to be the main beneficiary.
Despite the size of its economy, China is a small player in overseas direct investment, accounting for 12 per cent of global output, but just 2.1 per cent of global direct investment, according to HSBC Global research.