US urged to open the door wider to China's investment
7 years, 9 months ago

US urged to open the door wider to China's investment

China Daily  

NEW YORK-The US government should open its door wider to Chinese investments and Chinese companies have to further their understanding of US law and regulatory compliance as foreign direct investment between the world's top two economies has been on a rapid rise, experts said. "That is one of the major factors that makes US attractive to foreign companies," he said after launching a new survey on Chinese companies in the United States. Some 53 percent of Chinese companies with businesses in the US believe that the current Trump administration will "tighten its general oversight of foreign companies", the survey said. Private Chinese companies account for over 70 percent of current Chinese direct investment in the US and the trend will continue as Chinese State-owned enterprises "have been unfairly treated here," he said. "Chinese investments in the US will increase even faster and further benefit the US economy and job creation if misapprehensions about Chinese State-owned enterprises are corrected here in the United States," Xu said.

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