16 Sep, 2011
China’s investments boost US economic recovery – People’s Daily Online
The rapidly growing amount of Chinese investments in the United States have not only helped the United States ease the impact of the U.S. debt crisis, create more job opportunities and emerged from the economic downturn, but also enabled Chinese enterprises to expand the U.S. market.
Chinese enterprises already paid nearly 12 billion U.S. dollars in overseas taxes and created 780,000 job opportunities as of the end of 2010. China’s rapidly growing outbound investments have brought about enormous benefits to other countries and itself.
Barry Johnson, executive director of the U.S. Department of Commerce’s “Select American” investment promotion program, said that for the U.S. government, the greatest contribution of foreign direct investments is the job opportunities they create. China’s direct investments in the United States have created 10,000 job opportunities as of the end of 2009. He added that the United States welcomes China’s investments and will encourage, promote and assist Chinese enterprises in the most open-minded manner in making direct investments in the country.
via China’s investments boost US economic recovery – People’s Daily Online.
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