Exchange Database

Chinese investors discovering lure of Motor City

Since the economic crisis of 2008, Detroit has been reaching out to investors in China to help create new business in the automotive city. Both the Detroit Chinese Business Association and the Michigan Economic Development Corporation, the state's lead advocate for business development, said they have seen an increase in the number of Chinese investors in Detroit, especially in the automotive industry.
Outcomes: 
Michigan Governor Rick Snyder, who has led trade missions to China to attract job creating business investments and strengthen trade relationships, has asked Washington for 50,000 more EB-5 visas - green cards for foreigners who invest and create jobs in the US - to attract foreign business
Source: 

http://www.chinadaily.com.cn/world/2014-06/25/content_17614368.htm

Government?: 
No
Type of Exchange: 
business
Partners: 
Detroit Chinese Business Association
Michigan Economic Development Corporation
Participants (Types): 
businessmen, investment companies
Exchange Date: 
Wednesday, June 25, 2014
Continuing: 
No
Location: 
Detroit, Michigan
*If you know more about this exchange, please contact us.

Contribute to Database

Please tell us about U.S.-China exchanges that are not yet included in the database.

Commission Report

Polls show Americans and Chinese are becoming less trustful of each other’s country. The Commission assesses the problem and offers recommendations to foster greater U.S.-China collaboration and understanding.

Sign up for our mailing list