Foreign direct investment in the United States from China hit a record high through the first nine months of 2012 despite election-year rhetoric against the country and a congressional report casting national-security suspicions on two Chinese tech companies.
During this year’s first three quarters, Chinese enterprises poured $6.3 billion in FDI in the US, according to a report released Thursday by New York-based Rhodium Group, which tracks Chinese investments. The deal pipeline is strong, with major acquisitions pending in aviation, auto parts and energy, said Thilo Hanemann, the firm’s research director.
“While energy and advanced manufacturing continue to land the most investment dollars, 2012 deal flow suggests that Chinese investors are increasingly interested in US service firms, including entertainment, hospitality, finance and information technology,” he said.
During the third quarter ended Sept 30, Chinese enterprises spent $2.7 billion on 10 direct investments in the US. While the number of projects is smaller than in previous quarters, the average size of transactions this year reached an unprecedented level.
The $2.6 billion acquisition of US cinema operator AMC Entertainment Holdings by Dalian Wanda Group, completed in early September, was the biggest overseas deal ever by a privately held Chinese company.
While a Rhodium report last month said 600 Chinese investment transactions made between 2000 and 2012 had created 27,000 jobs by the end of the second quarter, the new study said another 1,000 jobs were created during the recently ended three-month period. This doesn’t include US companies with minority Chinese investment or indirect jobs, such as those in construction for Chinese facilities and those at suppliers. It also excludes hourly workers, which in the case of AMC totaled 18,000…
Job Market Monitor 
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Posted by Jausan | October 22, 2012, 5:14 am