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Blog Category: Foreign Direct Investment

Secretary Locke Addresses Chinese Foreign Direct Investment in the United States and the Current State of U.S.-China Commercial Relations

Secretary Locke Addresses the Asia Society at the Woodrow Wilson Center’s Kissinger Institute on China and the United States

This morning, Secretary Locke addressed the Asia Society Center on U.S.-China Relations and the Woodrow Wilson Center’s Kissinger Institute on China. The groups today released a new study that shows Chinese foreign direct investment in America doubling in each of the last two years. Chinese investors now have investments in at least 35 of our 50 states, across dozens of industries, employing thousands of Americans. Locke welcomed this news, but also noted progress the U.S. needs to see from Beijing to improve the business environment for American companies trying to invest or expand into China.

He said, “When it comes to market access problems for foreign companies, the issues may be different, but the fundamental problem often boils down to the distance between the promises of China’s government and action.”

Secretary Locke to Deliver Speech on Chinese Foreign Direct Investment in the U.S. and U.S.-China Commercial Relations (webcast)

Ahead of the third U.S.-China Strategic and Economic Dialogue on May 9-10, Commerce Secretary Gary Locke will deliver a speech at 10:30 Eastern today on Chinese foreign direct investment (FDI) in the United States and the current state of U.S.-China commercial relations.   

The Asia Society Center on U.S.-China Relations and the Woodrow Wilson Center’s Kissinger Institute on China and the United States will release a comprehensive report by the Rhodium Group on Chinese FDI at today’s event – “An American Open Door? Maximizing the Benefits of Chinese Direct Investment.” Others expected to attend include Chinese Ambassador to the U.S. Zhang Yesui, former U.S. Ambassador to China Stapleton Roy and Director of the Asia Society Center on U.S.-China Relations Orville Schell.  

The Wilson Center is hosting a webcast of the event between 9:30 a.m. - 11:00 a.m.