US seeks more FDI from China,India to create jobs.

[DarK-LorD]

US seeks more FDI from India,China to create jobs

Washington: America’s top business and political leadership has sought more investments into the country from India, China and Brazil so that more jobs could be created in the US.

“Our direct investment from places like China, India, Brazil, the people that really have a hot hand today, are minuscule, almost non-existent, and there’s no reason why those countries shouldn’t be investing more broadly in the US than they are today,” said Jeffrey Immelt, Chairman and CEO of the General Electric Company.

Responding to the visa concerns, Hillary Clinton said the US is now putting lot of emphasis in addressing this issue

“I totally believe that if we have more foreign direct investment from India and China and those places in the United States, we wouldn’t have as many issues as we have,” he added.

Immelt and others expressed their views on the issue at Friday’s discussion at President’s Jobs and Competitiveness Council with the Secretary of State Hillary Clinton and the Acting Secretary of Commerce Rebecca Blank.

Antonio Perez, Chairman and CEO, Eastman Kodak Company argued that the US became the largest economy of the world simply because it was the best place to invest and to grow.

“We still have, as has been said here before, the largest investment in the world. But the trends are really troubling: from the late ’90s, 25 percent of the global investments in the world; now we’re only 12 percent,” he said.

Perez added, “Even more troubling than that is the fact that out of the 12 percent, only 2 1/2 percent comes from the combination of Brazil, India and China. Obviously that does not bode well for the future of our country.”

Meanwhile, Blank said, that US currently has $2.3 trillion of Foreign Direct Investment in America. These companies pay higher wages on average, and their investments are supporting more than 5 million jobs through 50 states.

So, increasing that is obviously important, she said. “In 2009, the US attracted 12 percent of total global investment, down from 25 percent over a decade ago. And that’s despite having the world’s largest consumer market, a highly educated workforce, strong intellectual property protection and fluid capital markets. In the face of increased competition, we need to step up our game,” Blank said.

Participants at the discussion sought visa reform from the State Department. Responding to the visa concerns, Clinton said the US is now putting lot of emphasis in addressing this issue. “We have put a lot of time and attention into the emerging markets because, in Brazil and China for example, there’s an enormous demand, appetite for visas,” she said.

Clinton added, “So we’ve shifted resources, we’ve opened longer hours, we’ve done everything we can to accelerate the consideration of visas. And we’ve made progress. We have increased the numbers, we’ve cut the time. So in that arena, we are making incremental progress.”

PTI

US seeks more FDI from India, China to create jobs | Firstpost

 

[SHENSHOU]

US seeks more FDI from India,China to create jobs

Washington: America’s top business and political leadership has sought more investments into the country from India, China and Brazil so that more jobs could be created in the US.

“Our direct investment from places like China, India, Brazil, the people that really have a hot hand today, are minuscule, almost non-existent, and there’s no reason why those countries shouldn’t be investing more broadly in the US than they are today,” said Jeffrey Immelt, Chairman and CEO of the General Electric Company.

Responding to the visa concerns, Hillary Clinton said the US is now putting lot of emphasis in addressing this issue

“I totally believe that if we have more foreign direct investment from India and China and those places in the United States, we wouldn’t have as many issues as we have,” he added.

Immelt and others expressed their views on the issue at Friday’s discussion at President’s Jobs and Competitiveness Council with the Secretary of State Hillary Clinton and the Acting Secretary of Commerce Rebecca Blank.

Antonio Perez, Chairman and CEO, Eastman Kodak Company argued that the US became the largest economy of the world simply because it was the best place to invest and to grow.

“We still have, as has been said here before, the largest investment in the world. But the trends are really troubling: from the late ’90s, 25 percent of the global investments in the world; now we’re only 12 percent,” he said.

Perez added, “Even more troubling than that is the fact that out of the 12 percent, only 2 1/2 percent comes from the combination of Brazil, India and China. Obviously that does not bode well for the future of our country.”

Meanwhile, Blank said, that US currently has $2.3 trillion of Foreign Direct Investment in America. These companies pay higher wages on average, and their investments are supporting more than 5 million jobs through 50 states.

So, increasing that is obviously important, she said. “In 2009, the US attracted 12 percent of total global investment, down from 25 percent over a decade ago. And that’s despite having the world’s largest consumer market, a highly educated workforce, strong intellectual property protection and fluid capital markets. In the face of increased competition, we need to step up our game,” Blank said.

Participants at the discussion sought visa reform from the State Department. Responding to the visa concerns, Clinton said the US is now putting lot of emphasis in addressing this issue. “We have put a lot of time and attention into the emerging markets because, in Brazil and China for example, there’s an enormous demand, appetite for visas,” she said.

Clinton added, “So we’ve shifted resources, we’ve opened longer hours, we’ve done everything we can to accelerate the consideration of visas. And we’ve made progress. We have increased the numbers, we’ve cut the time. So in that arena, we are making incremental progress.”

PTI

US seeks more FDI from India, China to create jobs | Firstpost

translation, u.s seeks to extort more money from China and India

 

[Alchemy]

There is no denying the fact that USA needs to consume more for the world to stay away from recession , The richer the middle class of USA gets the more they gobble up products world over , for that to happen there is no harm in BRIC countries too investing in USA so that the money comes eventually comes back to them!!!

The more that USA is capable of spending the more richer the rest of the world gets !!!

 

[cyphercide]

Americans themselves aren't investing in America;Why should India and China do it?

 

[Chinese-Dragon]

China now has more than $3 trillion in currency reserves.

We are on an investing spree around the world, in Africa, Central Asia, Latin America, etc.

But why should we invest in America?

The developing world has much better growth potential. That's where we should be investing our money.

 

[lepziboy]

Rather than investing in america India and China should invest between each other

 

[applesauce]

China now has more than $3 trillion in currency reserves.

We are on an investing spree around the world, in Africa, Central Asia, Latin America, etc.

But why should we invest in America?

The developing world has much better growth potential. That's where we should be investing our money.

i see chinese companies as more than willing to invest in america but the obstacles are too great, anything remotely "high" tech or in any way "sensitive" you can forget about. oh and many many things are high tech or sensitive.

 

[haanji]

one beggar(usa) begging another beggar(india)

 

[SpArK]

one beggar(usa) begging another beggar(india)

Welcome back....lets see how much time u survive this time on flames.

 

[asianamerican]

The only thing that the US let China invest in is toxic financial industry. Huawei tried to by a $2 million technology company and got denied by the sinophobic and racist congress.

In other word, US want China to give money to them and they will rob Chinese blind. Make no sense.