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FDI between China and United States reaches all-time high
Last Updated: 2017-05-22 07:20 | Xinhua
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U.S.-CHINA-COMPANY-INVESTMENT

A man walks at 28 Liberty Plaza, a property purchased by Chinese investment company Fosun in downtown Manhattan, New York, the United States on May 15, 2017. 28 Liberty Street in the downtown Manhattan Financial District, formerly known as One Chase Manhattan Plaza, now houses U.S. headquarters of Fosun, a Chinese investment company. Fosun purchased the building from J.P.Morgan for $725 million U.S. dollars in 2013 and renamed it as 28 Liberty. Fosun has made a total of 3 billion dollars investment in the United States since 2012, supporting about 8,000 local jobs. 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/Qin Lang)

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