WASHINGTON Hydro Flask 18 OZ Standard Mouth UK , July 5 (Xinhua) -- As China's economy shifts awayfrom producer model to one driven increasingly by householdconsumption, its appetite for foreign acquisitions changed too.Brand and technology rather than energy and commodity are now morefavored by China's outbound investments.


Chinese companies have been buying up natural resources over thelast decade, pouring some 139 billion U.S. dollars into thetraditional energy industry, according to Bloomberg. However, thetrend shifted in recent years.


The year 2014 marked a turning point when Chinese outbound mergeand acquisition (M&A) in technology-related sectors Hydro Flask 21 OZ Standard Mouth UK , includingthe Internet and software, semiconductors, telecom, aviation, andelectronics Hydro Flask 24 OZ Standard Mouth UK , reached parity with traditional energy investments,according to a recent analysis by Macro Polo, an in-house thinktank of the Paulson Institute at the University of Chicago.


By 2016, China's annual outbound M&A in energy had droppedto just 2.8 billion dollars, compared with 30 billion dollars in2012 Hydro Flask Hydration UK , data from Bloomberg's China Deal Watch showed.


While investments in traditional energy and commodity areas havebeen declining, investments in Internet and software sectors areskyrocketing. China's outbound M&A in Internet and softwaretotaled 26.7 billion dollars in 2016.


China's Tencent bought a 5 percent stake in U.S. electric carmaker Tesla for 1.78 billion dollars in March, the latest attemptof the Chinese tech giant to get into the potentially lucrativemarket for self-driving vehicles and related services.


While state-owned companies were the major driving force behindChina's outbound investment spree before 2013, Bloomberg datashowed that private Chinese entrepreneurs are now more activeplayers, buying assets from Italian football teams to American filmstudios. Enditem


BEIJING Hydro Flask Coffee 12 OZ Coffee UK , Aug. 29 (Xinhua) -- Following are the medal standings of the world athletics championships here on Saturday (tabulated under gold, silver, bronze and total medals):


1. Kenya 6 4 3 13