U.S. is largest recipient of Chinese foreign direct investment
The number is triple the amount for 2015 and a tenfold increase of annual investment from five years ago, according to Rhodium Group.
At a time when the view of international trade ranges from skepticism to outright hostility in the U.S., the surging Chinese investments show that the two nations plenty to gain from their bilateral relationship.
FDI was key to China's economic success, and was central to the global model that so many U.S. businesses embraced, generating benefits for Chinese and US consumers as well as competitiveness.
The increasing Chinese investments in the US in the past years proved that the two nations could develop a mutualy benefitial relationship.
Chinese companies traditionally were not physically present in the US, but have expanded their footprint rapidly over the past decade.
Now the U.S. has become the most favorite destination of the massive Chinese outbound FDI. ■