TO GO WITH STORY BY JULIEN GIRAULT This picture taken on September 24, 2013 shows US dollar notes being counted next to stacks of Chinese 100 yuan (RMB) bank notes at a bank in Huaibei, in eastern China's Anhui province. With deals from London to Singapore, China is seeking to have its yuan currency used more widely around the world and challenge the hegemony of the almighty dollar. CHINA OUT AFP PHOTO
WASHINGTON: China’s investment in the United States doubled to US$14bil last year despite sometimes rocky political ties, with private firms leading the way, said a study.
About half of the value consisted of Shuanghui International’s takeover of prominent pork producer Smithfield Foods, a US$7.1bil deal that marked the largest ever Chinese acquisition of a US company.
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