Latest News:  
Beijing   Sunny    14 / 2   City Forecast

Home>>Opinion

Bridges and factories could woo American hearts

By  Miao Yingchun (Global Times)

15:08, November 09, 2011

Chinese companies have often faced barriers to investment in the US. US President Barack Obama has recently announced plans to improve US infrastructure, including renovating roads and bridges, in order to create jobs. I think this offers an opportunity for Chinese firms to become more popular in the US.

In a country with high unemployment, investments that can create jobs for local residents are certainly welcomed. However, Chinese companies only have a few such greenfield investments in the US at present. They prefer mergers and acquisitions, which are often obstructed by the US government.

According to a report released by the Rhodium Group, an American consulting agency, out of $3.27 billion of direct Chinese investment in the US in the first half of this year, $573 million was used for 20 new constructions, while the other $2.7 billion was used for 11 mergers and acquisitions.

Greenfield Chinese investments span several different industries, such as communications, renewable energy, space flight, and pharmaceuticals.

Americans think that greenfield investments can expand the economy and create more jobs. They do not involve technology transfer, and they do not need the examination and approval of the Foreign Investment Review Board. As a result, greenfield investments are more popular than mergers and acquisitions in the US.

Many Chinese companies have succeeded in greenfield investments in the US. For example, in September 2007, Sany Heavy Industry invested $30 million to build its North American headquarters in Peachtree, Georgia.

【1】 【2】


 
 
     
 
 
 
     
 
 
 
  We Recommend  
 
 
 
     
 
 

Email|Print|Comments(Editor:梁军)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. President Hu casts ballot to elect new deputies for local people's congress

  2. Chinese Navy "Peace Ark" hospital ship arrives in Trinidad and Tobago

  3. China's gold output may exceed 350 tonnes this year

  4. Dredging eases clogged traffic in China's golden waterway

Most Popular

Opinions

  1. Keeping a cool head crucial ahead of big events
  2. US must ease restrictions on exports to China
  3. No easy answers in Greek debt crisis
  4. House prices, pain and gain
  5. Why China gains big leap skyward
  6. Comment: Slight tweaks not a reversal
  7. China can learn from US big picture strategy
  8. What does space station mean for China?
  9. High-speed rail challenges China's vision
  10. Rethink China's nuke weapons strategy

What's happening in China

Climate change threatens China's crops

  1. Construction site catches fire in Beijing
  2. Chinese eat Koalas? Nonsense!
  3. Green village to showcase sustainability
  4. Nine convicted for two roast duck scams
  5. 8 jailed for making fake sex pills

PD Online Data

  1. Lunar New Year´s Eve (I)
  2. Lunar New Year´s Eve (II)
  3. Little New Year (I)
  4. Little New Year (II)
  5. House Cleaning