Overcoming Challenges to Chinese Direct Investment in the U.S.
Daniel Rosen speaks at this direct dialogue held in Beijing between the Chinese business community and U.S. advocacy groups, jointly hosted by the China Center, Asia Society, China Development Research Foundation (CFRF) and Ogilvy.
From China Center:
The one-day conference was themed as “Direct Dialogue – Overcoming Challenges to Chinese Direct Investment in the United States”. Over 140 business executives, investors, policy makers attended the event.
“This is a very important event for Chinese businesses looking to invest in the U.S. market as demonstrated by the overwhelming turnout,” said Xue Ya, president of China Center New York. “Through this kind of direct dialogue, China Center hopes to help facilitate Chinese direct investment in the U.S.”
Core to China Center’s mission is to serve as a platform for Chinese businesses going into the U.S. market. Chinese share of the total foreign direct investment (FDI) in the U.S. is relatively small today, but is deemed to boom in the years ahead. Barriers for Chinese companies looking to directly invest in the United States are still significant, such as fears to be discriminated against by the American side; unfair rules on market entry; cross-cultural communications.
Asia Society released the Chinese version of its report on the status of Chinese FDI in the U.S. “An American Open Door? Maximizing the Benefits of Chinese Foreign Direct Investment” was originally released in English in the U.S. by Asia Society in May 2011.
Speakers at the conference include author of the report Daniel Rosen, Asia Society’s director of Center on U.S.-China Relations, Orville Schell, former U.S. Ambassador to China Stapleton Roy (芮效俭), CDRF director Lu Mai. An array of business executives spoke on the topic and came up with concrete suggestions to move the momentum forward.
“2011 will be a take-off year for Chinese FDI into the United States,” said Mr. Weijian Guo, Secretary General of China Center for International Economic Exchanges (CCIEE), former Vice Minister of Commerce who attended the conference as a keynote speaker.
China Center will continue to promote Chinese FDI in the United States and provide cultural and business navigation for Chinese firms in the U.S. market.
China Center will collaborate with other advocacy groups in the months ahead to compile a report to reflect the Chinese concerns in their efforts into the U.S. FDI market. Such a report will be presented to U.S. policy makers, and business community at large.