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Large Medium SmallAs China's domestic economy slows down, Chinese companies are speeding up overseas expansion, tapping new markets or buying assets. Landmark buildings are increasingly becoming favored targets.
Let us take a look at some famous buildings bought by Chinese companies.
General Motors building
In June 2013 a group of investors led by Chinese real-estate tycoon Zhang Xin bought a 40 percent stake in the 50-story General Motors building in midtown Manhattan in New York at a price of $1.4 billion.
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General Motors building (center) in midtown Manhattan in New York. [Photo/Agencies] |
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