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Time's ripe to invest in US
Now is the "best time" for Chinese investors to enter the US, officials say.
"The weak recovery in the US economy means opportunities to acquire technology, brands and sales networks, which can be connected with the huge Chinese market and bring great benefits to investors in both China and the US," said Paul Lam, President of the US China Global Investment and Trade Alliance.
China's cumulative direct investment in the US stood at about US$20 billion at the end of May.
This is up from $700 million in 2005, according to William Zarit, Minister Counselor for Commercial Affairs at the US embassy in Beijing.
The ministry also noted that Chinese investment in the US in the first half jumped 290% from a year earlier.
Read more on China Daily.
[Image source: Houston by Katie Haugland on Flickr.com]
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