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People's Daily Online>>Foreign Affairs

U.S. welcomes Chinese investors: Gary Locke

By Han Shasha (People's Daily Online)

17:50, April 13, 2012

Gary Locke, U.S. Ambassador to China, made an online communication with Chinese netizens at the Qiangguo Forum, People’s Daily Online, on the afternoon of April 13, 2012.

People's Daily Online: China is the largest foreign holder of U.S. Treasuries. But some Chinese people estimate that such big amount of U.S. debt will definitely cause the shrinking of Chinese assets. What do you think about it?

Gary Locke: Actually, China only holds about 7 percent of the U.S. debt or the U.S. Treasuries. And Americans themselves hold more than 70 percent of those treasuries, those securities. Every time those treasuries are put up for sales, there are huge demands for that. So, actually, this is a good investment for China. But we are really focusing and also encouraging Chinese investment in the United States and encouraging more Chinese companies to open offices and to build factories in the United States, just the same way that Russian, German, Korean, Japanese and other countries are doing in the United States. We really believe that they are great business opportunities for Chinese companies in the United States. And we very much welcome that investment.

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