US welcomes investment from China

The US welcomes more Chinese investment and there is virtually no sector that is off-limits to Chinese investors, US Ambassador to China Gary Locke said Saturday.

Locke made the remarks in an interview with Xinhua at an investment forum in Xiamen.

As of the end of 2011, Chinese investment into the US accounted for less than 3 percent of the country's total foreign direct investment and roughly 1 percent of the total foreign investment the US received.

To encourage more foreign capital inflows, Locke said the US has initiated specialized program called "Select USA," and it will hold a large investment conference for top Chinese companies this coming December.

A report jointly released by the US Chamber of Commerce and the AmCham Singapore said 21 percent of US firms plan to shift part of their investment or operations in China to Southeast Asian countries in the coming two years due to China's rising production cost.

Locke noted the phenomenon is always happening throughout the world. He said China could see this shift as an opportunity to move up the value chain.

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