CHINA DELEGATION GEARING UP FOR 2017 SELECTUSA INVESTMENT SUMMIT
More than 150 Chinese Investors to Join Global Business Leaders and U.S. Government Officials at Top Investment Event
BEIJING, CHINA – More than 150 investors from a variety of industries across China will be travelling to Washington D.C. to participate in the SelectUSA Investment Summit (Summit), June 18-20. On their way, delegates will make stops in Sacramento and Los Angeles, California and Chicago, Illinois to explore investment opportunities. Each year since the summit was launched in October 2013, China has sent the largest delegation of investors to participate, and this year is no exception. In fact, this will be the largest delegation yet sent from China to the summit.
“We are entering a new period of economic revival in the United States,” said U.S. Secretary of Commerce Wilbur Ross. “This is an exciting time for global companies to explore the U.S. market and find partners that can help them create a footprint, expand operations, and achieve growth. There is no better place to make those connections than this Summit.”
The United States is currently home to more foreign direct investment (FDI) than any other country in the world, with a total stock of $3.1 trillion at the end of 2015. Since 2015, China has been the country with the fastest growing FDI into the United States. Chinese investment into the United States grew from over $9 billion in 2011 to $20.7 billion in 2015. Although final numbers are not yet in, Chinese company investments into the United States in 2016 could exceed $45 billion.
The Summit is the highest profile event to connect global companies and U.S. economic development organizations (EDOs) to facilitate business investment in the United States. To date, representatives from 51 U.S. states and territories and more than 65 international markets have registered for the 2017 Investment Summit.
The previous three Summits attracted thousands of international investors, with the 2016 Summit alone attracting more than 2,600 total attendees, including investors from 70 markets, EDOs from 52 U.S. states and territories, and 22 chiefs of mission. Past Summit participants announced $20.6 billion of new investment projects in the United States from 2014 to 2016.
Learn more about the Investment Summit and see the agenda here: http://www.selectusasummit.us/.
Housed within the U.S. Department of Commerce’s International Trade Administration, SelectUSA promotes and facilitates business investment into the United States by coordinating related federal government agencies to serve as a single point of contact for investors. SelectUSA assists U.S. economic development organizations to compete globally for investment by providing information, a platform for international marketing, and high-level advocacy. SelectUSA also helps investors find the information they need to make decisions; connect to the right people at the local level; navigate the federal regulatory system; and find solutions to issues related to the federal government. For more information, visit www.selectusa.gov.