The Wall Street JournalThe Wall Street Journal

Chinese money flees the Western world

By Stella Yifan Xie and Jason Douglas

24 Jul 2023 · 5 min read

informed Summary

  1. Chinese investors who once targeted prized Western assets are now focusing on other parts of the world because of growing hostility. This could create new fault lines in the global economy.

Just a few years ago, Chinese money was rippling across the rich world. Chinese investors were making blockbuster deals and snapping up trophy assets, from luxury homes and five-star hotels in New York to a Swiss chemical company and a German robotics giant.

That era is over.

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