Research firm Rhodium Group told CNNMoney that China’s direct investment in the United States may reach a record in 2012. This is despite trade and currency tensions between the world’s two largest economies, and political rhetoric during an election year that has seen both presidential candidates whip China for its trade policies. The total of investments could reach $8 billion, which does not seem like much in the larger scheme of things. CNNMoney reports:
Chinese investors are targeting a variety of American industries for investment. These include advanced manufacturing and oil and gas — led by Sinopec’s $2.5 billion stake in Devon Energy projects. Other industries in focus are renewable energy, aerospace, electronics and banking.