Qatar wealth fund eyeing investment opportunities in China's retail, tech sectors

Those opportunities could involve public and private companies, Al-Kuwari said on Thursday during the Caixin Summit in Beijing.

Middle East investor activities in China have picked up as countries such as Saudi Arabia aim to cut oil dependence and boost new industries through partnerships with Chinese companies. Buyers from the Gulf have announced 13 acquisitions of Chinese targets so far this year, compared to just one during the same period last year and more than any other year since at least 1980, according to data compiled by LSEG.

Chinese funds are also seeking new capital sources in the Middle East, as headwinds including diplomatic tensions drive many U.S. investors out of the country. Several China equity funds, including hedge funds and mutual fundsCoca Cola HBC said on Wednesday it was temporarily withdrawing batches of two soft drinks from sale in Croatia while the authorities there investigate cases of illness suspected to have been caused by the beverages.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Foreign investment in China goes negative for first time in decadesIt's a sign of China's souring economic prospects.
Source: axios - 🏆 302. / 63 Read more »

China Reports First-Ever Quarterly Decline in Foreign InvestmentSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »

China records lowest foreign investment on record, experts blame new laws for stifling much-needed growthThe drop marks the most significant one on record since 1998 when comparable data starts, with some experts arguing China's new laws that decrease transparency are driving away investors.
Source: FoxBusiness - 🏆 458. / 53 Read more »

With big new EV motor investment, GM aims to cut reliance on ChinaGeneral Motors has entered into a partnership with a small Wisconsin start-up, Niron Magnetics, to develop electric motor magnets that can be made without rare elements that are mostly sourced from China today.
Source: CNN - 🏆 4. / 95 Read more »