January 3, 2016

China ranks countries as ‘risky investments’

Venezuela is the riskiest destination for Chinese to invest while Germany is the safest, followed by the United States and Britain.

Myanmar was ranked 40 out of 57 countries that were ranked as investment destinations.

Some countries that ranked high in terms of cooperation with China – such as Laos, Tajikistan, Sudan and Myanmar – were also among the riskiest places to invest.

Meanwhile, some developed countries that were less friendly were good places to invest, the report said.

The ranking was made by the Institute of World Economics and Politics of the Chinese Academy of Social Sciences, a government think tank which released its findings this week.

The report said China’s outbound investment rose 16 per cent to $104 billion in the first 11 months of 2015. It noted that some Chinese companies suffered huge losses on overseas deals.

Deals that went belly up include a controversial water dam project in Myanmar and a delayed copper mine development in Afghanistan.

The institute assessed 57 countries to provide a risk map for Chinese investors venturing abroad. (Courtesy of Mizzima)

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