Report: China’s investment in US can top US$400b by 2020
Editor: 管理员 Date:2012-11-16 Hit:3721
%3CP%3E%3CFONT%20face%3DVerdana%3ETHE%20United%20States%20may%20attract%20a%20record%20amount%20of%20direct%20investment%20from%20China%20this%20year%20and%20the%20volume%20is%20likely%20to%20reach%20US%24400%20billion%20by%202020%2C%20the%20Asia%20Society%20said%20in%20a%20report%20released%20at%20a%20conference%20held%20in%20Shanghai%20today.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EAlthough%20there%20have%20been%20a%20number%20of%20failures%20in%20China%27s%20attempt%20to%20invest%20in%20the%20US%2C%20they%20result%20from%20different%20understandings%20of%20standards%20and%20can%20be%20addressed%20through%20better%20communication%20and%20cooperation%2C%20the%20conference%20was%20told.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%22China%20is%20an%20increasingly%20important%20source%20of%20FDI%20for%20the%20United%20States%2C%22%20said%20Brenda%20Foster%2C%20president%20of%20the%20American%20Chamber%20of%20Commerce%20in%20Shanghai.%20%22Like%20investment%20from%20other%20foreign%20countries%2C%20Chinese%20capital%20creates%20new%20American%20jobs%20and%20maintains%20existing%20ones%2C%20it%20creates%20US%20exports%2C%20provides%20new%20sources%20of%20capital%2C%20offers%20opportunities%20for%20finance-needed%20infrastructure%20and%20promotes%20research%20and%20development.%22%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EIn%20the%20first%20three%20quarters%20of%20this%20year%2C%20Chinese%20companies%20completed%20transactions%20worth%20US%246.3%20billion%2C%20setting%20the%20stage%20for%20a%20new%20record%20year%20in%20Chinese%20investment%20in%20the%20US.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20previous%20record%20of%20US%245.8%20billion%20was%20created%20in%202010.%20Before%202008%2C%20China%27s%20direct%20investment%20in%20the%20US%20was%20below%20US%241%20billion%20a%20year.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EAlthough%20claiming%20to%20be%20one%20of%20the%20most%20open%20markets%20in%20the%20world%2C%20America%20seemed%20not%20very%20open%20to%20Chinese%20investors.%20Last%20month%2C%20the%20US%20House%20of%20Representatives%27%20Intelligence%20Committee%20warned%20American%20companies%20of%20doing%20business%20with%20Chinese%20telecom%20makers%20Huawei%20and%20ZTE%2C%20saying%20they%20may%20pose%20security%20threat.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3ERobert%20Theleen%2C%20chairman%20and%20CEO%20of%20ChinaVest%2C%20said%20both%20countries%20need%20education%20on%20how%20to%20cope%20with%20each%20other%20and%20expand%20investment%20opportunities.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20growing%20number%20of%20disputes%20points%20to%20a%20lack%20of%20communication%20and%20collaboration.%20It%20may%20be%20a%20long%20process%20to%20find%20a%20solution%20but%20efforts%20should%20be%20made%20towards%20that%20direction%2C%20Theleen%20said.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20report%2C%20%22Chinese%20Direct%20Investment%20in%20California%2C%22%20suggested%20California%20to%20step%20up%20promotion%20to%20attract%20the%20right%20Chinese%20firms%20and%20lead%20the%20way%20to%20solve%20America%27s%20anxieties%20over%20China.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EIt%20estimated%20that%20California%2C%20already%20with%20more%20investment%20from%20China%20than%20any%20other%20US%20states%2C%20can%20absorb%20a%20total%20of%20US%2460%20billion%20by%202020.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%28People%u2019s%20Daily%20Online%29%3CBR%3E%3C/FONT%3E%3C/P%3E
