Do business, not politics
China Daily | Updated: 2012-07-30 08:07
"China is coming to town buying up America." Sensational and exaggerated as it is, such a portrayal of growing Chinese investment in the US reflects a reverse trend in investment between the two major economies.
A US investor investing in China no longer makes news, as it did 10 years ago. The latest deal in the spotlight is China's Dalian Wanda buying US movie theater chain AMC for $2.6 billion.
China's foreign direct investment (FDI) in the US could cross a record $8 billion this year, according to research firm Rhodium Group's recent report. The rising investments will not only provide more business opportunities for Chinese firms, but also create more jobs for local people.
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