US and Chinese local governments boost investment

Top officials from provincial and city levels in both countries continue to strengthen efforts aimed at closer cooperation between the world's two largest economies, reports Ding Qingfen

After news of Chinese investment proposals being turned down in the United States and called threats to US national security, the prospects of Chinese investment in developed nations might seem to be worrisome.

But some positive signals have appeared over the past few weeks, and China is expected to herald a new wave of investment in the world's largest economy, given the strong commitment that Chinese local governments and US states have made to push for closer economic ties.