- Investment firm Soho China bought 20 percent of the GM Building in New York City for $680 million.
- Shanghai Greenland, one of the largest state-owned real estate enterprises, bought $990 million worth of Los Angeles property.
- Tencent bought 6 percent of Activision — maker of the popular video game, Call of Duty — for $350 million.
New data published in the American Enterprise Institute–Heritage Foundation China Global Investment Tracker show that China continues to invest heavily around the world. Outward investment excluding bonds stood at $85 billion in 2013 and is likely to reach $100 billion annually by 2015. Energy, metals, and real estate are the prime targets. The United States in particular received a record of more than $14 billion in Chinese investment in 2013. Although China has shown a pattern of focusing on one region for a time then moving on to the next, the United States could prove to be a viable long-term investment location. The economic benefits of this investment flow are notable, but US policymakers (and those in other countries) should consider national security, the treatment of state-owned enterprises, and reciprocity when deciding to encourage or limit future Chinese investment.
The following are among the largest purchases in the United States made by Chinese entities in 2013.