American real estate news: China protected its growing global commercial real estate being there as a source of jobs in Africa and the United States amid worry over control of resources and Zambia's arrest of two Chinese managers who shot miners throughout a pay dispute.
Chinese company invest $56.5 billion abroad last year and hired 438,000 workers, a lot of of them in developing countries, Cabinet official said at a news meeting Monday.
Beijing is hopeful Chinese companies, flush with cash from the country's economic boom, to expand abroad to diversify an economy driven by exports and venture. Outlay has largely targeted oil, gas and mining but is expanding to manufacturing, real estate and further sectors.
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