U.S. welcomes Chinese investment: Locke

09:00, May 05, 2011      

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The United States welcomes Foreign Direct Investment (FDI) from China, which benefits the U.S. economy, said Secretary of Commerce Gary Locke in Washington on Wednesday.

Chinese FDI is "good for the American workers and good for American businesses," Locke said at the Woodrow Wilson Center days before the two countries hold their third round of Strategic and Economic Dialogue in Washington.

According to a report conducted by the U.S. Asia Society and the Kissinger Institute on China and the Unite States at the Woodrow Wilson Center for scholars, Chinese FDI in the United States totaled 5 billion dollars in 2010 and has been increasing rapidly in recent years.

Locke said that the U.S. government believes more Chinese FDI in America is "a good thing."

Source: Xinhua
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