China's investments in the U.S. and European Tier 1 and Tier 2 Automotive Suppliers
NEW YORK, March 31, 2020 /PRNewswire/ --
Report Includes:
- An overview of China's investments in the U.S. and European tier 1 and tier 2 automotive suppliers
Read the full report: https://www.reportlinker.com/p05824781/?utm_source=PRN
- Data corresponding to total investments from Chinese companies in the U.S. states and their impact on American jobs creation
- Outlining details of the bilateral trade relationship between the U.S. and China, and reaction to tariffs
- Graphics highlighting the importance of the transatlantic automotive trade for both the E.U. and U.S. economies; and underlying perspectives of Japan and the E.U.
- Profile descriptions of the key tier 1 automotive companies
Summary
The year 2019 marks the 40th anniversary of the establishment of diplomatic relations between the U.S. and China, yet this relationship is now politically at an all-time low. In 2019, there have been successive tit-for-tat tariff hikes between the two countries.
Since diplomatic relations were established, China-U.S. bilateral trade volume has increased both ways, from zero to over $230 billion. In the past 40 years, bilateral investment has played an important role in bringing the two countries together and demonstrably benefits businesses and people on both sides. "American companies started to explore investment opportunities in China right from the beginning and have remained devoted to their presence in China, growing their businesses and in the process contributing to the Chinese economy and society," said Zhu Hong, a minister of the Chinese Embassy in Washington, D.C., in an optimistic report titled "Chinese Enterprises in the United States," which was
jointly published by China Daily U.S. and the China General Chamber of Commerce at the start of 2019. "Chinese investors by comparison are relative late-comers to the U.S. market but are among the businesses that have the strongest momentum and potential. Like their U.S. counterparts, Chinese companies have actively participated in the U.S. economy and society, providing jobs to hard-working Americans, boosting U.S. exports to China, contributing to innovation and technology development and getting involved in community affairs. Chinese-owned businesses have been embraced enthusiastically by U.S. states and local communities where they invest."
The bulk of Chinese investment in the U.S. has been seen mainly over the past ten years. According to data from the China General Chamber of Commerce-U.S. (CGCC), the total investment from Chinese companies in the U.S. during the past decade has surpassed $140 billion and created more than 200,000 direct and indirect American jobs.
Read the full report: https://www.reportlinker.com/p05824781/?utm_source=PRN
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