Exchange Database
U.S. Ambassdor to Chinese Investors: America Wants Your Business
The new U.S. ambassador to China kicked off his first investment forum on the job with the hard sell: The U.S. is open for business and wants China to invest in what is expected to be an $8 trillion spending spree on upgrading its infrastructure, Max Baucus told a packed conference room at the U.S. Embassy in Beijing. A few minutes into his presentation, however, the ambassador got down to a source of anxiety for many potential Chinese investors: an inter-agency review by the Committee on Foreign Investment in the United States, or CFIUS, that looks at the national security implications of a foreign takeover of a U.S. company.
Outcomes:
With many U.S. highways, bridges and electric power grids showing their age, Chinese companies see an opportunity to leverage their infrastructure expertise even as they remain wary of similar political hurdles.Last year, Chinese foreign direct investment in the U.S. reached $14 billion, a doubling over 2012 levels, according to the policy-research organization Rhodium Group, exceeding the U.S. annual investment in China for the first time. Monday’s infrastructure investment forum brought together 130 Chinese and U.S. executives, U.S. officials and investment advisers to discuss infrastructure opportunities and the legal, regulatory and public-relations pitfalls that investors from China face in the U.S.
Government?:
Yes
Type of Exchange:
business
Partners:
US and Chinese Governments
Participants (Types):
US Ambassador Max Baucus, businessmen
Exchange Date:
Monday, May 19, 2014
Continuing:
No
Image:
Level of Government:
national
Location:
Beijing, China
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