FDI between China and United States reaches all-time high

Source: Xinhua| 2017-05-21 09:29:45|Editor: Hou Qiang

U.S.-CHINA-COMPANY-INVESTMENT

File photo taken on Aug. 5, 2015 shows Ni Zhenghong from China (L) and David wigle working at a factory of Fuyao Glass America in Moraine, Ohio, the United States. Fuyao is one of the world's largest auto glass makers and has a 22-percent market share in the United States. Its investment in Moraine is the largest Chinese investment in Ohio history and the eighth-largest direct foreign investment in the United States over the last decade. More than 2,000 people are working at Fuyao's nearly 470,000-square-meter glass fabrication factory. Foreign Direct Investment (FDI) between China and United States reached an all-time high of 60 billion U.S. dollars in 2016, according to a recent report, which said the figure has elevated the importance of two-way FDI in the two countries' economic relationship. The report, "Two-Way Street: 2017 Update," which was jointly released by the Rhodium Group and the National Committee on U.S.-China Relations on Wednesday, also showed the cumulative value of U.S. FDI in China since 1990 has exceeded 240 billion dollars, while Chinese companies have invested a total of 110 billion dollars in the United States during the same period. (Xinhua/Yin Bogu)

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