Chinese FDI in US triples to $46b

Chinese investment in the United States in 2016 more than tripled from 2015 to $46 billion, with Chinese companies adding 1,300 new operations, according to a report.

Chinese-owned companies now employ over 140,000 in the US, with companies increasing their presence in the South and Midwest "significantly", though their investments are still most keenly felt in coastal economies. That's according to New Neighbors: 2017 Update, a report on Chinese investment in US congressional districts, released by the National Committee on US-China Relations and the Rhodium Group on Tuesday.

Geng Shuang, a spokesman of China's Foreign Ministry, said Wednesday that while the report is only from the US side, it did, from one perspective, prove that the bilateral trade and investment are beneficial for both countries.