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Chinese private enterprises have sought to buy distressed overseas businesses, perhaps with an overly rosy view of their ability to turn the business around or to create synergies with their existing China business, according to McKinsey&Company, a global management consulting firm.
Chinese investment in real estate and other areas created jobs for Americans, said Ren Faqiang, deputy Chinese consul general in San Francisco. He gave the Industrial and Commercial Bank of China (ICBC) and Chinese real estate developer Oceanwide as examples.
Chinese enterprises are winning more trust and support in emerging markets, especially countries along the Belt and Road, according to a report on a growing divide in opinions of Chinese business between developed and emerging markets.
Chinese online education company Zuoyebang announced Wednesday it will raise 0 million in its series D financing.
Chinese parents with school- and college-going children snap up properties overseas
