Outbound capital flows from China increase
Chinese outbound investment continued its rapid growth, reaching $17 billion during the first five months of 2016 and accounting for 65.6 percent of the total investment of 2015 at $25.7 billion, according to a new report by DTZ/Cushman & Wakefield.
China Outbound Investment CapitalWatchstates China was the world's second-largest source of outbound property investment with $17 billion, after the United States with outbound flows of $19 billion. China moved up three spots from the end of 2015, when the country ranked fifth behind the United States, Canada, Hong Kong and Singapore.
Approximately 62.3 percent of the Chinese outbound property investment, a total of $10.6 billion, went to the United States during the first five months of this year. New York City was the top overseas destination for Chinese property investors, receiving an estimated $3.5 billion of capital during the first five months of 2016. Chinese investors placed $4.37 billion