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Chinese go on spending spree and double investment in Europe

Investors from China went on a record spending spree in Europe in 2014, pouring money into sectors from the UK property market to the Italian energy industry.

Chinese foreign direct investment into Europe hit $18bn last year, almost double the 2013 level, according to Rhodium, a China-focused research group. Chinese investors have spent an average of $10bn in the region over the past four years.

According to the research, which was compiled for the law firm Baker & McKenzie, Britain was the top destination for Chinese money with $5.1bn in new investment.

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