China SWFs ramp up direct investment into Europe

Chinese outbound investment into Europe could exceed $250 billion in the eight years to 2020, with domestic sovereign funds and private equity firms increasing their proportion of capital flows into the recession-hit region. China direct investment in Europe is expected to double to $20 billion this year, from $10 billion in 2011. It represents a leap from $3 billion invested in both 2009 and 2010, and $1 billion annually between 2004 and 2008, according to a study by US research …