Overview

Invest in America Initiative

The Invest in America initiative was launched in March 2007. The initiative will coordinate across U.S. Government agencies to promote inward investment and address federal issues that may impede investment. It is the primary U.S. Government mechanism to manage foreign direct investment promotion. Efforts are focused on outreach to foreign governments and investors, support for state governments’ investment promotion efforts, and addressing business climate concerns.

China’s Outbound Investment

China’s outbound investment has experienced rapid growth since the Chinese government adopted a “Go Global” strategy in 2002. From 2002 to 2006, the average annual growth rate of China’s non-financial overseas investment was 60%. By the end of 2006, more than 5,000 Chinese investment entities established some 10,000 companies in 172 countries. According to a report by China’s Ministry of Commerce (MOFCOM), China’s cumulative overseas investment reached $90.63 billion in 2006.

The “Go Global” strategy has contributed to the rapid growth of China’s outbound investments. The Chinese government offers incentives to Chinese companies who are interested in investing overseas in the areas of taxation, foreign currency supply, and financing. Priority sectors include light industry, textiles and garments, electrical home appliances, machinery, construction, telecommunications, energy, resource development, and biotech.

Despite the rapid growth, China’s overseas investment is still in its development stage. According to a report by the United Nations Conference on Trade and Development, China’s direct outbound investment in 2006 ranked 13th in the world, and accounted for 2.72 percent of the world total. A survey conducted by McKinsey & Company on China’s Top 500 companies shows that most of the large Chinese companies have not made any investments abroad. In China’s most active sectors such as technology, media, and telecom, only 50% of the large companies have invested overseas.

Asia remains the largest destination for China’s outbound investment. Non-financial investment in Asia accounts for 43% of the total in 2006. Many Chinese companies are now interested in investment opportunities in North America and Europe. China’s non-financial investment in the U.S. was $231.8 million in 2005 and $198.34 million in 2006. Chinese companies have invested in the U.S. by setting up representative offices, sales offices, mergers and acquisitions, and establishing joint ventures with U.S. firms.

Key Chinese Organizations

Investment Promotion Agency, Ministry of Commerce of Commerce of the P.R.C. (CIPA)
Tel: (86 10) 85226556
Fax: (86 10) 85226558
Website: http://www.fdi.gov.cn

China Council for the Promotion of International Trade (CCPIT)
Tel: (86 10) 88075000
Fax: (86 10) 68030747
Website: http://www.ccpit.org

Useful Links

Links to non-Commercial Service organizations are provided solely as a convenience to our users. The Commercial Service makes no representations about the accuracy or suitability of the information provided on the following web sites. The FCS is not responsible for the content of the individual organization webpages found through these links, and their inclusion here should not be understood as an endorsement of these organizations.

Department of Commerce official website

Council of American States in China (CASIC)

Major Shows / Exhibitions

This section provides a listing of upcoming investment and trade-related events in China, including industry shows and trade missions. While FCS China is directly involved with some of these events, the others listed here have no direct relationship with the FCS and are listed solely as a convenience to our users.

For more information, please contact the organizing group as listed in the event description. Verify the information before making any commitments - we are not responsible for accuracy of information or changes in events' schedules.

The 12th China International Fair for Investment & Trade (CIFIT)
Date: September 8-11, 2008
Venue: Xiamen, Fujian Province, China
Website: http://www.chinafair.org.cn

U.S. Commercial Service Contact Information for Invest in America

The U.S. Commercial Service offers a broad array of market entry services to U.S. companies in the investment and trade industries. Please refer to the following relevant contacts for additional information on how we can help you expand your business in China.

Beijing Office:
Tel: (86-10)8529-6655
Fax: (86-10)8529-6558/9
Darrel Ching
Gao Yan

Shanghai Office:
Tel: (86-21)6279-7930
Fax: (86-21)6279-7639
Kevin Chambers
Lynn Jiao

Guangzhou Office:
Tel: (86-20)8667-4011
Fax: (86-20)8666-6409
Natassha Liang

Chengdu Office:
Tel: (86-28)8558-3992
Fax: (86-28)8558-3991
Misha Cao

Shenyang Office:
Tel: (86-24)2322-1198
Fax: (86-24)2322-2206
Yasue Pai