Reports on Sunday announced that a Beijing construction company would be part of a group investing £800m in a Manchester Airport and its surrounding business. China, the world’s second largest economy, has ‘quite a bit’ of cash to invest. Take a look at where some of the other money is going.
In 2005, the Chinese government along with Chinese companies invested the equivalent of 17 billion USD (£11bn) in global assets. Last year the amount rose to almost 130 billion USD, according to The Heritage Foundation.
Although that number may seem high, in the scheme of global trade it’s still “small change”, BBC business reporters say.
The amount of money invested into Britain by China in the past nine years, for example, only makes up .7 percent of the UK’s 2012 GDP.
“Globally, Australia comes out top,” BBC reports, “but even here Chinese investment last year equated to just 0.6% of the country’s annual GDP. In developing nations, Chinese investment is more significant. In Nigeria, for example, inflows from China equated to 2% of GDP in 2012.”
[Image via The Heritage Foundation]