Greater US investment encouraged

%3CP%3E%3CFONT%20face%3DVerdana%3EChina%20needs%20to%20increase%20direct%20investment%20in%20the%20United%20States%20and%20support%20the%20development%20of%20the%20real%20economy%20in%20the%20US%2C%20according%20to%20experts%20from%20China%27s%20top%20think%20tank%20on%20Thursday.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThat%27s%20as%20expectations%20grow%20that%20the%20world%20may%20experience%20a%20double-dip%20recession%2C%20they%20said.%20Using%20the%20nation%27s%20foreign-exchange%20reserves%20to%20accelerate%20direct%20investment%20in%20the%20US%20will%20help%20China%20to%20limit%20losses%20from%20the%20depreciation%20of%20the%20dollar%20and%20may%20reduce%20the%20risk%20of%20a%20global%20economic%20recession%2C%20said%20Wei%20Jianguo%2C%20secretary-general%20of%20the%20China%20Center%20for%20International%20Economic%20Exchange%20%28CCIEE%29.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%22China%27s%20experts%20from%20top%20think%20tanks%20plan%20to%20go%20to%20the%20US%20to%20talk%20about%20the%20expansion%20of%20direct%20investment.%20It%20will%20be%20an%20important%20and%20strategic%20decision%2C%22%20he%20said.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EZuo%20Xiaolei%2C%20chief%20economist%20at%20China%20Galaxy%20Securities%20Co%20Ltd%2C%20said%20that%20China%27s%20foreign-exchange%20reserves%20are%20likely%20to%20be%20invested%20in%20US%20projects%20for%20clean%20energy%20and%20automobiles%20and%20a%20technological%20upgrade%2C%20all%20of%20which%20would%20boost%20the%20US%20industrial%20sector.%20%22China%20can%20use%20the%20money%20to%20buy%20the%20stock%20of%20US%20companies%2C%20facilitate%20merger%20and%20acquisition%20projects%20and%20increase%20socially%20responsible%20investment%2C%22%20Zuo%20said.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EUp%20to%20now%2C%20China%20has%20invested%20in%2035%20US%20States.%20Between%202003%20and%202010%2C%20230%20investment%20projects%20came%20from%20China%20and%20were%20worth%20a%20total%20of%20approximately%20%2411.7%20billion%2C%20according%20to%20Zuo.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%22However%2C%20China%27s%20direct%20investment%20only%20accounts%20for%200.1%20percent%20of%20all%20Asia-Pacific%20outbound%20investment%20in%20the%20US%2C%22%20Zuo%20said.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EStandard%20%26amp%3B%20Poor%27s%20downgraded%20the%20US%20long-term%20sovereign%20debt%20rating%20to%20AA+%20from%20AAA%20on%20Aug%205%2C%20prompting%20concerns%20that%20the%20global%20economy%20may%20experience%20a%20double-dip%20recession.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EAccording%20to%20China%27s%20Ministry%20of%20Commerce%2C%20the%20nation%27s%20non-financial%20outbound%20direct%20investment%20increased%20by%203.3%20percent%20year-on-year%20to%20%2427.6%20billion%20between%20January%20and%20July.%20However%2C%20investment%20in%20the%20US%20has%20shrunk%2C%20indicating%20investors%27%20concerns%20over%20the%20country%27s%20prospects%20for%20economic%20growth.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20global%20economy%20is%20expected%20to%20slow%20over%20the%20long%20term%20as%20a%20result%20of%20the%20ongoing%20sovereign%20debt%20crises%20in%20the%20US%20and%20the%20European%20Union%2C%20which%20will%20make%20growth%20difficult%20in%20China%27s%20manufacturing%20sector%2C%20said%20Wang%20Tianlong%2C%20a%20researcher%20at%20CCIEE.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%22The%20central%20bank%20can%20transfer%20the%20foreign-exchange%20reserves%20to%20commercial%20banks%20and%20Chinese%20companies%20can%20borrow%20the%20money%20to%20invest%20overseas%2C%22%20Wang%20said.%20In%20addition%20to%20the%20US%2C%20Sri%20Lanka%2C%20Brazil%20and%20Malaysia%20are%20also%20good%20investment%20destinations%2C%20he%20added.%3CBR%3E%3C/FONT%3E%3C/P%3E