Trade Tensions Drive Chinese Auto Investors from US to Europe
STOCKHOLM—Chinese auto investors are increasingly pouring money into Europe rather than the United States because of intense U.S. scrutiny of their deals under the Trump administration, according to Reuters news service. More than a dozen leading merger-and-acquisition bankers, lawyers and consultants told Reuters this week that the number of mandates from Chinese clients to make investments in the European auto sector were increasing, while those for the U.S. sector were declining.
“Given the way that things are tightening up in the United States, Europe for China is the most obvious non-domestic market that they’re pushing into,” says Charlie Simpson, who specializes in the auto sector for consultancy KPMG’s global strategy group.