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But Chinese buyers are facing increased scrutiny around the world.
A steady series of attempted deals by Chinese companies in the United States has helped galvanize lawmakers in Washington to call for greater scrutiny of investments from China. The Senate and House of Representatives have agreed on the final text of legislation that would strengthen the Committee on Foreign Investment in the United States, a multiagency body known as Cfius, and are expected to approve the bill soon with a final vote.
The impact of growing concerns has been significant: The value of new Chinese deals in the United States over the first five months of this year fell 92 percent from the same period last year, to $1.8 billion, according to Rhodium Group, which tracks Chinese investment overseas.
In Britain, a Chinese investment in Hinkley Point, a new nuclear power plant on Britain’s west coast, triggered Mrs. May’s determination to raise the bar for what is considered a strategic foreign investment.
In Canada, which has been more open to Chinese investment in recent years, the government blocked a $1 billion takeover of a construction company, citing national security concerns.
Several splashy deals in Europe have also prompted discussion there about whether to raise the barriers for investment from China. In Germany, the acquisition of Kuka, the country’s largest industrial robot manufacturer, by a Chinese appliance maker triggered a backlash. The deal turned Midea, the Chinese company, into a major player in automation almost overnight.
More recently, a stealth move by the Chinese carmaker Geely to acquire a $9 billion stake in Daimler prompted Germany to take a closer look at its investment disclosure rules.
Despite the pressure, Chinese companies, faced with increased difficulties in the United States, have been able to continue making investments at a good clip in Europe. Over the past six months, the value of newly announced Chinese deals in the region has surpassed that of new deals in the United States by nine times, according to Rhodium Group and Baker Mackenzie, the law firm.
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