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News Link • China

Forget the Headlines: Chinese Buying Big in US

• cnbc.com
 

The Chinese are making headlines around the word for hungrily acquiring energy and resource companies in countries such as Canada, Africa and Latin America.

In the United States, the single largest Chinese investment to date is far more mundane: movie theaters. And to a large extent, that type of acquisition explains the broader story about China's strategy when it comes to U.S. investment.

AMC Theaters, previously owned by a group of U.S. private equity firms, is now a division of Dalian Wanda of China—a huge entertainment conglomerate that spent $2.6 billion in 2012 on the theater chain. With the purchase, Wanda controls more ticket sales in the world than any other company.

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