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