China investment in U.S. to hit $30 billion this year

The great Chinese investment wave is gaining power.Direct investment by China in the U.S. is on track to hit a record $30 billion in 2016, according to research firm Rhodium Group and the National Committee on U.S.-China Relations, which works to promote closer ties between the countries.That’s double last year’s record $15 billion investment.There are few signs that investment will slow as China works to increase its exposure to higher-income ...