Coincides with the traditional Chinese Dragon Boat Festival, the opening 23 in Nanjing, Jiangsu Province, the Second Sino-US economic cooperation and investment conference, the two sides signed 42 cooperation agreements signed contracts worth a total of about $ 3.4 billion. The four Chinese companies also announced investment projects in the United States, the contractual investment totaling $ 70 million.

It is noteworthy that the the two sides signed the project, a considerable part of Chinese companies on U.S. investment. Analysts here pointed out, the seventh summit of the G20 leaders this month just ended, more than 20 American mayor led a large delegation composed of hundreds of U.S. companies will be appeared in China's "investment", passing to the outside world the United States wants to expand the introduction of Chinese investment to boost local economic development and an important signal to increase employment.

Second city session of Sino-US economic cooperation and investment conference organized by the Sino-US bilateral Treasury-led and seeks to implement the two sides during President Hu Jintao in January 2011 visit to the United States, Vice President Xi Jinping in February 2012 visit to the United States and the fourth round of China-US Strategic and Economic Dialogue reached important consensus on promoting Sino-US economic cooperation of the local level.

Economic Cooperation Conference held the first China-US city in the U.S. city of Seattle in April last year, the meeting was held to coincide with the European debt crisis spreading further, although the recovery of the global economy face more uncertainties, including China. emerging market economies, the economic slowdown. In this context, the two sides increase in the session name, the word "investment" opportunities for cooperation between the two countries hope to expand the field of investment and trade fairs.

Chinese Finance Minister Xie said at the opening ceremony, the different stages of development and resources in China and the United States, there is great complementarity. Chinese provinces and cities are actively deployed in accordance with the requirements of the "12th Five-Year Plan, the implementation of the comparative advantage of the prominent local development planning. America Founder efforts to expand exports, to revive the manufacturing sector, to promote infrastructure construction and increase employment. Both sides to speed up structural adjustment, promote major reforms, provided a broad space for China-US cooperation at local levels.

"I hope that investment from China to boost the U.S. economy." Lago said, China is now the United States to attract foreign direct investment (FDI) in the fastest-growing countries, from 2005 to 2010, the U.S. Treasury Department Assistant, China U.S. direct investment of up to 53% compound annual growth rate, the stock of nearly $ 6 billion.

"We have no other choice, financial crisis, we must seize the opportunity to seek new development, and to revive the economy, increase employment, we need to strengthen international cooperation, need the support of foreign capital, we welcome China's investment." Come Michael Lorraine, mayor of Dallas, Texas, United States, participants revealed that he not only hopes to strengthen cooperation with Chinese cities, but also hopes to contribute to the opening of the Dallas direct route to China.

The United States welcomed China's capital has been the response of Chinese enterprises. With the Chinese government to promote Chinese enterprises to "go out", not only the positive action of the large state-owned enterprises, more and more Chinese private enterprises and SMEs will also be looking to the international market, to explore overseas opportunities for development.

The conference also attracted more than 30 Chinese mayors and hundreds of business representatives. Private technology enterprises in Seoul acoustic songs in Weifang City of Shandong Province of China in the United States has invested over 600 million U.S. dollars, specializing in the production of Bluetooth headsets, 3D glasses, cameras, mobile phones, computers, TV accessories business has become one of the U.S. Apple an important supplier.

"We are investing in the U.S. technology research and development, marketing and customer service. The United States in smart product design and leading-edge, but our company both in technology development and product manufacturing have a competitive advantage, our cooperation to mutual benefit win, who can do without. "Gao Xiaoguang, Executive Vice President of Seoul acoustic songs Corporation electro-acoustic devices division, told reporters.

Although investment in China to the United States are popular, but the data show that China's overseas investment has just started. As of 2010, the United States to attract foreign investment amounted to $ 228 billion, including the low proportion of investment from China. Relative to U.S. investment in China, the United States direct investment in less than one tenth.

The reason China CCPIT Vice Chairman Yu Ping said at the meeting, the United States is the world's largest, most open and mature economies, Chinese enterprises interested in investing in the U.S. There is no doubt, but the majority of Chinese enterprises for the United States also limited understanding of the international city of New York, Chicago, Los Angeles, while the lack of understanding of the diversity of the U.S. regional economy.

Chinese Ministry of Commerce International Trade and Economic Cooperation Research Institute researcher Mei Xinyu said in an interview with reporters, the obstruction of the Chinese enterprises to invest in trade disputes is also emerging concerns about safety review of the U.S. economy as well as between China and the United States.

Mei Xinyu said that from this meeting can be seen that the pressure and power of the local government level investment is very large, investment in China has shown great welcome. The current barriers to investment of China to the United States from the federal level, they have long taken the anti-dumping, anti-monopoly constitute barriers to trade; Chinese enterprises should strengthen cooperation with local governments, the side of a breakthrough to break the federal government protectionism.

Chinese business concerns has caused the U.S. concern. Lago in the keynote speech of the meeting dedicated to explaining the limited scope of review of the U.S. economy censorship, efficient, non-discrimination and transparency "principle in order to eliminate the uncertainty for investors in China.

"We keep an open, transparent and fair investment policy comes, I hope to bring a new situation in Sino-US economic and investment cooperation to achieve mutually beneficial and win-win." Lago said.


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