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China eager to invest in United States: diplomat

By Cheng Guangjin  (China Daily)

08:46, October 25, 2011

COLLEGE STATION, Texas - China hopes to increase investments in the United States, which will boost the country's economy and create jobs, said China's top diplomat to the US on Sunday.

Speaking at the fifth China-US Relations Conference, Zhang Yesui, the Chinese ambassador to the US, said that potential sectors for investment include clean energy, environmental protection and infrastructure.

The biannual conference aims to promote, strengthen and expand academic and business collaborations between the two countries.

Zhang reiterated in his opening remarks that politicizing the China-US trade imbalance through legislation will only lead to a "trade war".

He called for a friendlier investment environment in the US for Chinese investors. Chinese investment in the US currently accounts for only a small portion in China's overall foreign direct investments.

"I am confident that there will be more Chinese investments in the US, which is not only good for investors, but also helps your economy and creates jobs in this country. This is very, very important," Zhang said.

Responding to a question on the US trade deficit with China, he said the trade imbalance is a combination of complicated factors and that China "does not believe that legislation is the appropriate mechanism", referring to a bill approved by the US Senate on Oct 11, which threatens to punish China for allegedly undervaluing its currency with retaliatory tariffs on imports from China.

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  1. Name

Pat at 2012-02-0174.248.255.*
I love the Chinese. For heavens sakes understand that before China can accomplish "win win" situations, the Chinese Must teach the Americans the mentality/philosophy/ideology of "Win Win". This win win concept is not a character, not in the vocabulary and mind of the American that seeks to do business. It has been "murdered" so to speak, or "purged" or "squeezed" out of the minds of the capitalists. ""we would both emerge as winners", Zhang said.
sSfTEgNBJCHIoMtowe at 2011-11-21109.230.216.*
Heck yeah this is exactly what I neeedd.
Observer at 2011-10-26222.127.174.*
Leveling the playing field is not punishment. China has long enjoyed an artificially devalued RMB from America but now the time has come to compete on a level playing field. Why does China not recognize it? Did it not make plans for the downturn that is always inevitable? You can only manipulate the river. But you can never truly hold it back. It will always return to its natural course.
Observer at 2011-10-26222.127.174.*
Leveling the playing field is not punishment. China has long enjoyed an artificially devalued RMB from America but now the time has come to compete on a level playing field. Why does China not recognize it? Did it not make plans for the downturn that is always inevitable? You can only manipulate the river. But you can never truly hold it back. It will always return to its natural course.
wende at 2011-10-2571.125.85.*
US will make sure that the Chinese companies will return to China bankrupt. The irresponsible news articles will drop Chinese stocks in the US by 10%. There is not going to be a level playing field for Chinese companies. high-powered lawyers are needed to sue the butt off those who issue irresponsible news articles.
  

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