Why Chinese Investment In The U.S. Can Still Be A Good Thing

Among other U.S. officials on hand at the China General Chamber event on Monday, Diane Farrell, Deputy Under Secretary for International Trade in the Commerce Department, also noted the pluses of mainland investment to the U.S. economy. “As our investment summit begins, I’m reminded of the contributions Chinese companies have made to growth and job creation in the U.S. economy,” Farrell said.

Investment by other foreign trading partners, Allen said, has helped reduce U.S. trade deficits and friction. “When you look at U.S. history — maybe the history of any country — you find that oftentimes there's a large trade deficit that deficit is corrected by internal foreign direct investment.”“In the 1970s, there was quite a bit of tension with Japan because of a bilateral trade deficit” that has been eased with the help of its investments in the U.S..

“The U.S. remains the world's largest consumer market, the most advanced financial system and a global highland for the creative minds,” she said.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Investment Analyst Warns Successful BRICS Currency Could Hurt US Living Standards – Bitcoin NewsInvestment analyst Jon Wolfenbarger has warned that a successful BRICS currency could hurt U.S. living standards. dedollarization
Bron: BTCTN - 🏆 531. / 51 Lees verder »

SoftBank posts record $32 billion loss at its Vision Fund tech investment armSoftBank's Vision Fund segment posted a 4.3 trillion Japanese yen ($32 billion) loss for its fiscal year ending Mar. 31.
Bron: CNBC - 🏆 12. / 72 Lees verder »

China says it will resolutely object if U.S. curbs investment in semiconductor industryChina will resolutely object if the U.S. restricts its firms from investing in Chinese semiconductor industry, said Shu Jueting, a spokesperson at China's commerce ministry on Thursday.
Bron: Reuters - 🏆 2. / 97 Lees verder »

Charlie Munger pockets $70,000 a year from $1,000 investment in 1962Charlie Munger pockets $70,000 a year from a $1,000 investment he made in 1962 - and has likely raked in over $1 million in total
Bron: BusinessInsider - 🏆 729. / 51 Lees verder »

New Mexico Soundstage Investment Promises More Film ProductionSoundstage facilities, an increasingly in-demand component of film production, are at the heart of New Mexico’s growing reputation as a destination for ambitious studios. Amber Dodson, director of …
Bron: Variety - 🏆 108. / 63 Lees verder »

Former investment firm owner defrauded clients of more than $2M, officials sayPhillip Galles is charged with wire fraud after speaking to a potential client from N.J. who turned out to be an undercover agent
Bron: njdotcom - 🏆 282. / 63 Lees verder »