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BEIJING -- The American Chamber of Commerce in China (AmCham-China) Friday said Chinese investment in the United States helps create jobs and increase understanding between the governments and peoples of the two countries.
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Ansteel Group and the American company signed a deal in Beijing Wednesday to establish a plant in the United States, which could produce up to 300,000 tonnes of steel a year.
"We hope this transaction will be a catalyst for a wave of other job-creating Chinese investments in the United States," the statement said.
AmCham-China is a non-profit organization that represents U.S. companies and individuals doing business in China. Its membership comprises more than 2,600 individuals from over 1,200 companies, according to a document posted at the organization's website.