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    June 12, 2018 2:33 AM EDT

    Thousands of people filled the courtyard of the Smithsonian American Art Museum Saturday for a Chinese Lunar New Year celebration nike air presto mens australia , which featured dragon dances and other traditional Chinese folk artforms.

     

    Chinese Ambassador Cui Tiankai and Smithsonian Secretary David Skorton kicked off the event with a dragon awakening ceremony, during which they painted color onto a dragon's eyes.

    Chinese Ambassador to the United States Cui Tiankai (L) and Smithsonian Secretary David Skorton dot the eyes of a dancing lion during an event celebrating Chinese Lunar New Year at Smithsonian American Art Museum, Washington D.C., the United States, on Jan. 28 nike air presto womens australia , 2017.(XinhuaYin Bogu) Children learn to draw roosters during an event celebrating Chinese Lunar New Year of Rooster at Smithsonian American Art Museum, Washington D.C., the United States, on Jan. 28, 2017.(XinhuaYin Bogu) People line to get Spring Festival couplets during an event celebrating Chinese Lunar New Year at Smithsonian American Art Museum, Washington D.C. nike air presto australia , the United States, on Jan. 28, 2017.(XinhuaYin Bogu) People enjoy Chinese folk music during an event celebrating Chinese Lunar New Year at Smithsonian American Art Museum, Washington D.C., the United States, on Jan. 28 nike air max flair mens australia , 2017.(XinhuaYin Bogu) Children learn Chinese paper-cutting during an event celebrating Chinese Lunar New Year at Smithsonian American Art Museum, Washington D.C., the United States, on Jan. 28, 2017.(XinhuaYin Bogu) People watch lion dancing during an event celebrating Chinese Lunar New Year at Smithsonian American Art Museum, Washington D.C. nike air max flair womens australia , the United States, on Jan. 28, 2017.(XinhuaYin Bogu)

    "Xin Nian Kuai Le," Skorton wished the some 7,500 visitors happy new year in the Chinese language to mark the Chinese Lunar New Year of the Rooster.

     

    The event, co-organized by the museum and the Chinese embassy nike air max flair australia , invited Chinese craftsmen from Beijing to make sure that Washingtonians can experience an authentic Chinese festival.

     

    With musical performances, dances, paper cutting, calligraphy, painting, dough sculpting and bristle dolls vapormax be true for sale , the event presented both traditional and modern traits of the Chinese culture to its visitors.

     

    Five-year-old Julia and her older brother Henry, who was seven, made quite a splash at the bustling figure making corner, where they were taught by a Chinese craftsman how to make a crawling caterpillar with only a straw and a piece of paper.

     

    "This is the second year (that I came)," Julia said, happily recounting that last year she had her face painted into a monkey for the Year of the Monkey. "It is so fun!" she said.

     

    Chinese investment in Europe and North America retreated in 2017 in tandem with China's posting its first fall in foreign direct investment globally since 2006 as stricter guidelines were imposed.

     

    Chinese FDI into North America fell sharply by 35 percent to US$30 billion last year amid government policies restricting outbound investment nike air vapormax womens australia , according to a report of global law firm Baker McKenzie's and consulting company Rhodium Group.

     

    Although FDI into Europe soared 76 percent to US$81 billion, the growth was solely due to the delayed completion of ChemChina's record US$43 billion takeover of Swiss agribusiness company Syngenta. If this mega deal had not been completed in 2017, Chinese investment in Europe would have tumbled 22 percent to US$38 billion.

     

    But the figures backed up official Chinese data showing that the country's global FDI flows had declined by over a third in 2017 — the first drop since 2006.

     

    "The main reason for the fall was guidelines introduced by the Chinese government imposing additional restrictions on outbound investment to address balance of payment concerns and mitigate perceived risks for China's financial system arising from rapid overseas investment," Baker McKenzie said.

     

    Additionally, Chinese FDI faced growing regulatory scrutiny in many host countries. The Committee on Foreign Investment in the US was especially strict in its monitoring that at least seven major deals were impacted greatly, according to the report.

     

    Also Chinese capital controls introduced in late 2016 greatly slashed the average size of deals announced in 2017 across all industries and investor types. The deals fell from US$626 million in North America in 2016 to US$282 million last year nike vapormax mens australia black , and in Europe they declined from US$346 million in 2016 to US$162 million.

     

    "The momentum of deals involving Chinese investors dropped sharply from Q3 2016 to the first half of 2017," said Mike DeFranco, global head of M&A at Baker McKenzie.

     

    "Now that it is clear how the rules have changed for Chinese investors at home and abroad, activity is picking up, and 2017 was still the second-best year on record in North America and technically the best in Europe, despite all the challenges for dealmakers nike air vapormax mens australia ," he said.

     

    Chinese investors cancelled or withdrew 19 announced deals worth over US$12 billion in North America and Europe in 2017, compared with the 30 deals cancelled in 2016. Around US$5 billion of Chinese investments are being reviewed by regulators in the US and Europe.

     

    Chinese investors favored investment in real estate and hospitality, transport, utilities and infrastructure as well as ICT in both North America and Europe.

     

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