Buying spree ahead as China becomes rising global investment force

China National Chemical Corp.'s $43-billion offer for Syngenta, the Switerzland's giant, is declaring China's ambition to make big strategic investments in foreign companies. Berlin-based Bombardier Transportation may be another target. The value of China's outbound investment is expected to rise to nearly $20 trillion in 2020 from $6.4 trillion in 2015. Chinese companies injected nearly $90 billion overseas last year with acquisition targets in a variety of sectors. With plenty of cash accumulated in the past rapid growth, the buying spree of Chinese people in overseas market, encouraged by the Chinese government with a set of preferential tax rates and financing support, may prompt calls for Chinese government to allow more overseas investors for the China market. The full story can be read here.