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.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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
Source: BTCTN - 🏆 531. / 51 Read more »

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.
Source: CNBC - 🏆 12. / 72 Read more »

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.
Source: Reuters - 🏆 2. / 97 Read more »

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
Source: BusinessInsider - 🏆 729. / 51 Read more »

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 …
Source: Variety - 🏆 108. / 63 Read more »

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
Source: njdotcom - 🏆 282. / 63 Read more »