Report: China's investment in US can top US$400b by 2020 (2)

Although claiming to be one of the most open markets in the world, America seemed not very open to Chinese investors. Last month, the US House of Representatives' Intelligence Committee warned American companies of doing business with Chinese telecom makers Huawei and ZTE, saying they may pose security threat.

Robert Theleen, chairman and CEO of ChinaVest, said both countries need education on how to cope with each other and expand investment opportunities.

The growing number of disputes points to a lack of communication and collaboration. It may be a long process to find a solution but efforts should be made towards that direction, Theleen said.

The report, "Chinese Direct Investment in California," suggested California to step up promotion to attract the right Chinese firms and lead the way to solve America's anxieties over China.

It estimated that California, already with more investment from China than any other US states, can absorb a total of US$60 billion by 2020.

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