(Xinhua)
Updated: 2008-05-16 10:01

US Commerce Secretary Carlos Gutierrez said in Beijing Thursday that the United States is making efforts to attract more Chinese investors to its market.

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"We would welcome more Chinese companies exploring the multiple opportunities to set up shops in our 50 states," Gutierrez said at the Beijing American Chamber of Commerce and the US-China Business Council.

He noted that the United States is producing a 10-city series of programs to introduce Chinese investors to a broad-range of FDI opportunities. But he didn't reveal the details of the programs.

He said both the United States and China need open, transparent and predictable markets. And US firms would welcome the opportunity to do even more business in, and with China, which help expand consumer choices, drive growth and create jobs.

Gutierrez said Chinese FDI in the US accounts for only 0.2 percent of the total investment by all Asian countries in the US.

Gutierrez said the US-China tourism memorandum of understanding signed at the last Joint Commission on Commerce and Trade meeting is being implemented, with the first leisure travel group due to arrive in the United States in June.

Following complaints by Chinese business people about the difficulty of obtaining US visas, he said the US government is making efforts to streamline its application process and border entry process.