Posted on 08/10/2013 6:07:13 AM PDT by Oldeconomybuyer
It's an opportune time for cashed-up Chinese to put money into the United States, owing to a favorable investment environment and lower asset prices amid the weak US economic recovery, officials said on Friday.
"Rising costs at home threaten profits, and we have no choice but invest abroad. We have a good chance, as the Chinese government is encouraging overseas investment and the administration of US President Barack Obama welcomes Chinese investment. "
"The weak recovery in the US economy means opportunities to acquire technology, brands and sales networks, which can be connected with the huge Chinese market and bring great benefits to investors in both China and the US," he said.
Chinese investment in the US in the first half jumped 290 percent from a year earlier, compared with 29-percent growth in China's overall outbound direct investment, according to the ministry.
"The US has definite advantages in attracting foreign direct investment with its highly educated labor force and advanced free trade agreements covering America, Asia and the Middle East.
"In addition, the use of shale gas has significantly reduced energy costs, which benefits Chinese manufacturers in the US," Zarit said.
(Excerpt) Read more at usa.chinadaily.com.cn ...
It’s a great time to buy a house in Detroit - cheap!
Some are predicting the stock market to double from here, even though it is overpriced now. There is a lot of money overseas with no better place to go, and here looks like a good investment for now.
Japan did the same thing once didn’t work out to well.
Once the fed stops propping up the stock market it will tank.
We are trillions in debt and all our manufacturing jobs have been exported.
Translation:
All four wagon axles are broken and the horse won’t last long with politicians whipping the horse to make it go.
Don’t buy the wagon and horse until it is fixed!
We need to bring back US jobs.
Stop exporting jobs.
Start exporting goods.
We need to bring back US jobs.
What we need is a staggering import tax that makes foreign produced goods too expensive to buy in America.
Scrap NAFTA, SAFTA, and CAFTA, and replace congress with some “America First” politicians!
There is a long history of foreign investment in the US, as well as a long history of Americans ripping off foreign investors in the US.
My favorite was how the Scots thought they could make great profits from the cattle drives from Texas to Kansas City. They even sent accountants to ride with the cowboys en route.
Great herds of cattle gradually lost so many cows that by the time they arrived in KC, not a single one was left, unless it was diseased or otherwise worthless. The cowboys just shrugged and said “bad luck” to their escort.
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