China’s FDI needs fair treatment in the US

Translated from People’s Daily

The United States is welcoming Foreign Direct Investment to create more jobs and increase its economic competitiveness.

Yet China’s FDI to the US, the largest target of global FDI, is currently only $6 billion (bilateral trade volume reached $ 446.7 billion in 2011). The problem is that the US government creates obstacles for Chinese investors in various fields. The treatment of Chinese investors compared to European investors, the largest FDI source for US, is totally different.

Researchers predict that China’s FDI to the outside world will reach more than $1 trillion by 2020. The US should benefit from more of China’s FDI, if it creates a fair environment.

Since the US badly needs FDI to stimulate its economy, it does not make sense for US politicians to make trouble for their largest potential foreign investor.

The increasingly closer Sino-US ties in trade indicate that opening up to Chinese FDI is a win-win strategy for both sides, and the shortsighted US politicians are actually making themselves feel uncomfortable by refusing investment from China.