China-US\Business

Chinese group the largest at SelectUSA Summit

By Chen Weihua | chinadaily.com.cn | Updated: 2017-06-19 22:52

US Commerce Secretary Wilbur Ross on Monday welcomes participants to the 2017 SelectUSA Summit held at the Gaylord National Resort & Convention Center in Maryland, including what he said an oversize of Chinese delegation of 155 people.

Ross said there is no better time to invest in the US than today, praising President Donald Trump’s pro-economic growth policy.

Chinese investment in acquisitions, new operations, and expansions in the US grew to $46 billion in 2016, more than three times the previous record in 2015, according to a report released in April by the Rhodium Group and the National Committee on US-China Relations.