Investment solid between U.S. and China

Beijing (CNS) – U.S. enterprises in China have earned good profits and become primary contributors to their parent companies, said Ministry of Commerce spokesman Shen Danyang on Thursday.

Shen said China and the U.S. have carried out effective cooperation in business investment. By the end of 2011, China saw 61,000 projects funded by the U.S., worth a total amount of $162.3 billion and actual investment of $67.6 billion.

China will continue attracting foreign capital and offer conveniences to all foreign businesses here, including U.S. enterprises, said Vice Minister Gao Hucheng.

On the other hand, Gao also hopes that the U.S. government would treat Chinese enterprises that invest in the U.S. fairly, ensuring that the supervision mechanism is open and transparent.

According to related data, direct investment in the U.S. by Chinese enterprises exceeded $6 billion by the end of 2011, involving a wide range of sectors. The U.S. has become an increasingly important investment destination for Chinese enterprises, said Shen.