Which States Get the Most Chinese Investment?
Part of being a global superpower is having some money to throw around.
Want to fund a giant 80 million person megacity in the Pearl River Delta for $322 billion? Piece of cake.
Re-build the Silk Road for up to $1 trillion? Not an issue.
But China doesn’t only show off its deep pockets domestically. The country has also been extremely active on the global market, buying up everything from natural resources in Africa to luxurious real estate in Manhattan. In total, Chinese companies have spent over $1 trillion on overseas investment over the last decade, and this has only accelerated in recent years as investors seek to acquire safe haven assets abroad.
Today’s infographic comes from SCMP, and it shows where Chinese overseas investment has been going, with a particular focus on the United States between 2000 and 2016.
Cumulatively, China has put $109.5 billion into the U.S. during this time period, with about 70% of that money coming from private companies. The sectors that have received the most Chinese investment so far include real estate and hospitality ($29.5 billion), information technology ($14.2 billion), energy ($13.4 billion), and entertainment ($8.8 billion).
According to Forbes, here were the five biggest investments made in the U.S. in 2016:
1. HNA Tourism Group gets 25% stake in Hilton for $6.5 billion
This deal helps Chinese conglomerate HNA and Hilton to take advantage of China’s growing tourism market both in China and internationally.
2. Tianjin Tianhai buys Ingram Micro for $6.1 billion
This is the biggest purchase of an American information technology company by a Chinese firm so far. Ingram Micro is the world’s largest wholesaler in technology products and services.
3. Haier Group buys GE’s appliance business for $5.6 billion
Haier is a massive consumer electronics and appliances company in China, with roughly $30 billion of revenue per year. However, the company has yet to make inroads in the North American market. This made buying GE’s appliances division a very strategic opportunity for the company.
4. Anbang Insurance pays $5.5 billion for Strategic Hotels And Resorts
One of China’s largest insurance companies bought 15 luxury properties, including the Four Seasons in Washington, D.C. and the JW Marriot Essex House in New York. The deal was originally valued at $6.5 billion, but one of the hotels was dropped after security concerns were raised due to its proximity to a U.S. naval base in San Diego. That property is worth approximately $1 billion.
5. Dalian Wanda buys Legendary Entertainment for $3.5 billion
Legendary Entertainment is a Hollywood production company that has the rights to popular films such as The Dark Knight, Inception, Jurassic World and Straight Outta Compton.
Visualizing the World’s Top Plastic Emitting Rivers
Every year, 8 million metric tons of plastic enters the world’s oceans – much of it through our river systems. See which rivers are polluting the most.
Visualizing the World’s Top Plastic Emitting Rivers
Every year, approximately eight million metric tons of plastic enters the world’s oceans – the equivalent of one garbage truck of plastic every single minute.
Every plastic fork and bottle cap bobbing along the surface of the ocean has made its way to the ocean from dry land at some point. As it turns out, the hydrological cycle that keeps water circulating around the planet is also an effective means for trash to hitch a ride from our riverside cities to the open ocean.
As today’s unique, vintage-themed map – via John Nelson at ESRI – visualizes the shocking amount of plastic emitted by major rivers in the world.
It would be hard to overstate plastic’s influence on modern life.
Unfortunately, when plastic is finished doing it’s job, only 10% of it ends up being recycled. Instead, much of the 300 million tonnes of plastic produced each year ends up in the ocean, congregating in places like the Pacific Garbage Patch.
Plastic discharge is especially pronounced in large population centers along large rivers – particularly in rapidly urbanizing regions in China, Indonesia, and Nigeria.
Waste management practices are limited to non-existent in many of Asia’s fast-growing urban areas, so it comes as little surprise that 14 to the top 20 plastic emitting rivers are located on that continent.
The mighty Yangtze – China’s largest river – supports a population of over 400 million people and is the most prolific emitter of plastic waste on the planet. Over 1.5 million metric tons of plastic is unleashed into the Yellow Sea from the river each year.
Stemming the Tide
Plastic emissions data makes one point clear – China is the key to decreasing the volume of trash entering our ocean ecosystems.
The good news is that the Chinese government has recognized the problem, mandating garbage sorting in nearly 50 cities and setting a target for at 35% recycling rate by 2020. A positive first step in the battle to stem the tide of plastic entering ocean systems.
Upward Momentum: Charting a Year of Skyscraper Construction
Nearly 150 skyscrapers were completed around the world last year. Find out which cities and regions are growing skyward the fastest.
Ever since the first towering spires broke through the clouds in New York and Chicago, skyscrapers have remained a potent symbol of economic might.
The tallest buildings require vast amounts of materials, expertise, and capital to make them a reality, but the cities that add these landmarks to their skylines gain prestige and send a powerful message to competing economic centers.
Skyscraper Construction in 2018
Where are the most skyscrapers popping up? Let’s take a look at regional hot-spots around the world.
Note: For the purposes of this article, “skyscraper” will refer to buildings 656 feet (200 meters) or more in height.
China is Flying High
For well over two decades, China has led the world in skyscraper construction, and 2018 was no exception.
The country’s fixation on urban growth and continued economic success is producing tall buildings at a staggering rate. Last year, a mind-boggling 89 skyscrapers were completed in 28 different cities around China.
To put this building boom into perspective, China completed more skyscrapers in one year than New York City’s entire stock of 656ft and taller buildings.
In 2018, no city reached for the stars quite like Shenzhen. The city, which is a hub of China’s high-flying tech sector, now has the second-most skyscrapers in the world, surpassed only by Dubai.
Shenzhen isn’t just building a lot of skyscrapers, it’s building extremely tall ones too.
In 2017, for example, the ribbon was cut on the massive Ping An Finance Center, which is currently the 4th tallest building in the world. Last year alone, four new towers cracked the 1,000ft (300m) barrier.
While China’s scale is hard to beat, other cities in the region are also undergoing dramatic changes, particularly in Southeast Asia. Malaysia and Indonesia completed a combined 13 new skyscrapers, and the Vincom Landmark 81 was added to Ho Chi Minh City’s growing roster of unique skyscrapers.
While there are two skyscrapers under construction in Japan – one in Tokyo and one in Yokohama – none of them were completed last year.
A New Era of American Skyscrapers
After a two-decade lull in skyscraper construction, the United States is embracing taller buildings again. Last year alone, the U.S. added 14 new skyscrapers into the mix, particularly in New York City, where construction cranes dot the horizon. In the past decade, NYC has added 25 new skyscrapers to its iconic skyline.
This trend is showing no signs of slowing down. Between now and 2022, 44 skyscraper projects are expected to be completed in the United States, with the vast majority being built in the Big Apple.
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