Chinese firms lift US employment

Investments spur innovation, competitiveness and change how both sides think, says report

Despite fears from United States politicians and companies about jobs being outsourced to China, investment from China has created 80,000 jobs in the US, up from fewer than 15,000 five years ago, and the number could reach 200,000 to 400,000 soon, said a report released on Wednesday.

Chinese companies invested about $46 billion in the US between 2000 and 2014, creating more than 1,500 businesses in the country, and the amount could increase to between $100 billion and $200 billion by 2020, said the study sponsored by the National Committee on US-China Relations and done by US research firm Rhodium Group LLC. The report is the first detailed analysis of Chinese investment by congressional district.