Monday, October 24, 2016
(for full article with interactive plots see http://www.bloomberg.com/graphics/2016-china-deals/)
Chinese companies are buying up overseas assets at a faster pace than U.S. buyers for the first time on record. This graphic, updated weekly, takes a close look at what China is acquiring, and where. The numbers reveal a lot about the country’s growing global ambitions.
On Oct. 18, China Life Insurance Co Ltd agreed to buy select-service hotel portfolio from Starwood Capital Group LLC for $2 billion. Here’s how this deal compares to China’s other overseas acquisitions:
Rank 17th largest foreign acquisition by a Chinese company this year
2016 Total $206.6B in foreign mergers and acquisitions
Growth 212% increase from the same period in 2015