Xinhua, Beijing :
Record high Chinese investment in the United States in 2016 demonstrates that Beijing’s economic agenda is compatible with the U.S. economic goals, not the other way around.
A report co-authored by the Rhodium Group and the National Committee on U.S.-China Relations shows Chinese companies invested 46 billion dollars in the United States last year, tripling the amount seen in 2015, sending two-way direct investment to a record high.
The report characterized past two-way investment as a “one-way street,” with money flowing predominantly from the United States to China. But now, investment is a “two-way highway” with tens of billions of dollars in annual FDI flowing in each direction.
While the U.S. administration worried Chinese manufacturing could threaten U.S. jobs and its economy, Chinese companies are bolstering the U.S. economy by creating jobs and paying taxes.
In the last seven years, employment by Chinese-owned firms in the United States had jumped ninefold to 140,000 jobs last year. By the end of 2016, all 50 states and 98 percent of congressional districts hosted operations of Chinese companies. According to John Ling, president of the Council of American States in China, more and more U.S. states are increasing recruitment efforts to help land the next Chinese manufacturing project.
Record high Chinese investment in the United States in 2016 demonstrates that Beijing’s economic agenda is compatible with the U.S. economic goals, not the other way around.
A report co-authored by the Rhodium Group and the National Committee on U.S.-China Relations shows Chinese companies invested 46 billion dollars in the United States last year, tripling the amount seen in 2015, sending two-way direct investment to a record high.
The report characterized past two-way investment as a “one-way street,” with money flowing predominantly from the United States to China. But now, investment is a “two-way highway” with tens of billions of dollars in annual FDI flowing in each direction.
While the U.S. administration worried Chinese manufacturing could threaten U.S. jobs and its economy, Chinese companies are bolstering the U.S. economy by creating jobs and paying taxes.
In the last seven years, employment by Chinese-owned firms in the United States had jumped ninefold to 140,000 jobs last year. By the end of 2016, all 50 states and 98 percent of congressional districts hosted operations of Chinese companies. According to John Ling, president of the Council of American States in China, more and more U.S. states are increasing recruitment efforts to help land the next Chinese manufacturing project.
