China’s investment in the US has surpassed America’s investment into China, the Beijing-based Center for China and Globalization’s latest report highlights. However, China’s global expansion has prompted growing concerns in the West which is yet to reconcile itself with the reality of its fading economic influence in the world.

China continues its triumphant march across the globe with Chinese companies having invested a record $145.6 billion abroad in 2015, the Beijing-based Center for China and Globalization highlights in its latest report dubbed the Blue Book of Chinese Enterprise Globalization.

“We saw three highlights in China’s outbound investment over the last year. One, for the first time, China has seen a net outflow of capital.

Two, we have surpassed Japan to become the second largest source of foreign investment in the world. And finally, China’s investment in the United States has surpassed US investment into China,” Wang Huiyao, one of the authors of the report, told China Daily.