Latest News:  

English>>Foreign Affairs

Investment from China supports jobs in America: U.S. trade group

(Xinhua)

09:00, January 24, 2013

WASHINGTON, Jan. 23 (Xinhua) -- Increasing Chinese companies started to choose the U.S. market as a place that they would like to have operations, which means new jobs for Americans, said a U.S. trade group on Wednesday in a report.

The U.S.-China Business Council (USCBC) said in a report titled "China and the U.S. Economy: Advancing a Winning Trade Agenda" that Chinese investment is a crucial part of the U.S. economy, but now it is low compared with investments from other foreign companies.

According to Rhodium Group, Chinese companies invested 6.5 billion U.S. dollars in America in 2012. By comparison, British companies invested 442 billion dollars in 2011, German companies invested almost 216 billion dollars and Dutch companies invested over 240 billion dollars, the U.S. government data indicated.

The U.S. leading trade association for American companies doing business with China recommended in an action plan that the U.S. side should set clearer and more transparent guidelines for national security concerns related to Chinese investment in the United States, to de-politicize the investment review process and reduce uncertainty for Chinese investors.

The USCBC of roughly 240 American companies highly emphasized U. S.-China relationship and defined it as a global strategic issue for the United States.

The report also suggested that U.S. politicians move on to issues that do matter rather than focus on the currency issue. " Some lawmakers on Capitol Hill have made China's currency value the sole focus of attention, despite the fact that it has appreciated more than 30 percent against the U.S. dollar since 2005," said USCBC President John Frisbie.

The report, which addresses 10 topics to help Americans better understand China, came as a tool to advance common sense and to debunk many myths and conventional wisdom that typically shape the understanding of the U.S.-China commercial relationship.

We Recommend:

The world needs common development of China, India

More than "putting out the fire" in Africa

Encircling China just Japan's wishful thinking

Philippines moves in wrong direction

Unleash 'China energy' in global governance

Former Japanese PM apologizes for wartime crimes

Email|Print|Comments(Editor:姚春、张茜)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Multi-types of naval airplanes in training

  2. Beijing MAC organizes actual-troop drill

  3. The happiest places in the world

  4. Migrants back home ahead of travel peak

  5. Beijing issues yellow alert for heavy fog

  6. Uncover the myth of 'devil training'

  7. Reviving the lost art of making silk parasols

  8. Backstreet Boys to start world tour

  9. Software maker shows its dexterity

  10. Celebrities gone wild!

Most Popular

Opinions

  1. New measurement may reshape Sino-U.S. trade ties
  2. Warning issued on global economy
  3. The 'artificialness' in Chinese movies
  4. China to ensure appearance of witnesses in court
  5. Competition about to heat up for public funds
  6. Huawei deserves a fair playing field in US
  7. Advanced placement courses let children 'fly higher'
  8. New effort to boost consolidation
  9. Visits bring opportunities to Sino-Japanese ties
  10. Put power in cage

What’s happening in China

Time to stop appalling food waste on dining table. "Rich" is not defined by "waste".

  1. Armless artist attempts to find kidney donor
  2. Workers hold protest 'Gangnam Style'
  3. Beijing police warn of taxi scam
  4. Pay-row man jumps to death
  5. Ex-bank chief 'held 4 hukou to buy property'