Investment in US to create jobs
By He Wei in Shanghai | China Daily | Updated: 2013-06-22 08:26
Despite high-profile trade cases, Chinese FDI into the United States is expected to continue apace
Chinese companies are expected to employ between 200,000 and 400,000 Americans by 2020, as cumulative Chinese investment in the US tripled in the past five years, a new study has shown.
New York-based Rhodium Group Llc found that total foreign direct investment from Beijing rocketed from $280 million in 2004 to over $22 billion in 2012, with the figure increasing threefold since 2008.
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