A report issued by the Chinese Academy of Social Sciences, Tsinghua University and Thomson Reuters Foundation on Saturday mentioned that Egypt is one of the most important five destinations for Chinese investments within the Belt and Road Initiative, along with Kazakhstan, Russia, Israel and Singapore, regarding volume of tradingsAccording to the Chinese Xinhua news agency, the report said that the mergers and acquisitions activities of the Chinese companies at countries that stretch along the belt and road achieved rapid growth over the past three years raising the volume from US$2.264 billion in 2014 to US$9.755 in 2016, exceeding the the volume of mergers and acquisitions of US and Japanese companies, ranking the first in 2016. Sectors of financing, energy and telecommunications are the most attractive to the M&A activities within the belt and road region. Sectors of energy and electricity and raw materials are among the main industries that attract Chinese investments. Edited translation from MENA

Source: Egypt Independent June 03, 2017 17:25 UTC