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Tapping the Potential of China-U.S. investment (5)

(Beijing Review)

09:08, August 31, 2012

"All of the parties in the chain—the governments, the companies and the countries—need to think about what it is they have to change and what it is they have to learn," said Barshefsky.

Zhang Ping, Chairman of China's National Development and Reform Commission, said the Chinese Government will further simplify approval procedures and increase its transparency, and strengthen protection of intellectual property rights. China would also like to establish special investment promotion mechanism with some U.S. state governments.

Nicole Y. Lamb-Hale, Assistant Secretary of Manufacturing and Services of the U.S. Department of Commerce, explained the U.S. safety review system. The United States has national security-related investment control, she said. But it applies only to mergers and acquisitions and not to green field investment. Between 2003 and April 2012, Chinese firms invested or announced plans in 180 green field projects in the United States.

Compared with a massive presence of U.S. companies in China, Chinese companies are still less visible in the United States.


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