Website gives tips to guide investors

WASHINGTON - A how-to website that guides Chinese investors on doing business in the United States was launched on Monday.

The Chinese-language website, "Guide to Investing in the United States", was created by the Economic and Commercial Counsellor's Office of the Chinese embassy in the US.

Encouraged by the Chinese government, Chinese companies have increasingly been looking to expand overseas in recent years. According to the Ministry of Commerce, Chinese companies invested $6 billion in the US last year, about 10 percent of the country's total overseas investments.