Once by the “spoiler” and was “set aside” of the Chinese steel industry investment in the U.S. case, finally took a dramatic turn.

15, Anshan Iron and Steel Group and the development of the United States signed a formal agreement in Beijing, the two sides will jointly build a U.S. annual production of 30 million tons of steel plant. This is also the Chinese steel enterprises to invest in the U.S. construction of the first iron and steel production projects. It is reported that this steel plant will be built in the southeastern United States Mississippi A Moli area, with a total investment of 168 million U.S. dollars, Anshan Iron and Steel 14% stake, in time for the United States to provide 1,000 local jobs, tax revenue to the government, If everything goes smoothly, the new steel mill is expected to be put into operation the first quarter of 2012.

Although the project of an immortal, but this investment can pull the U.S. economy is twists and turns. Early July, 50 bipartisan Members have called on the Anshan Iron and Steel to investigate investment plans in the United States, opposition to the U.S. Congress has also been strong support for the U.S. steel industry.

In fact, who seek investment in the United States encountered hardships of Chinese enterprises is not just Angang. 2005 can be described as a bitter start. At the time, CNOOC’s attempt to acquire U.S. Unocal because of opposition from Congress failed. Since then, this bitter experience will continue to unfold – Huawei bid for U.S. software vendors trying to 2Wire and Motorola’s wireless equipment business, despite its offer above the competition part of it, but ultimately ended in abortion or acquisitions; Northwest China Nonferrous Geological Exploration Bureau under the Northwest Nonferrous International Investment also tried to Nevada mining investment, but also by the block playing with toys … …

The reason why the U.S. market jittery investors from China, almost invariably the thinking behind it is political bias. Members of Congress are often keen to make things difficult for business transactions in China, because they think that these fairs on the U.S. “economic security” threat.

Although the Sino-US relations have improved, but the United States, China has far to the extent you can trust, it is in this context, the birth of China suspicion, exclusion and containment actions. But Washington should also be aware, always buckle a big hat to invest in China “scare”, I am afraid also lacks its own benefits.

The current situation is, sitting on 2 trillion U.S. dollars of foreign exchange reserves China has sufficient funds, in order to avoid risks to the reasonable requirements, must seek the diversification of foreign investment; At the same time, the United States are experiencing shortages of funds and jobs the double pain. From “The Wall Street Journal” and a data show that since December 2007 has been a 16% loss of U.S. manufacturing jobs, which makes the U.S. manufacturing sector employment rate fell to the lowest point since World War II. The United States is currently in the global foreign direct investment share of only 20 years ago half. If the United States make good use of investment in China, can achieve win-win situation, will benefit from their own, on the contrary, if the U.S. officials can not face this situation and trend of economic globalization, assertiveness in the ideological bias, then missed not only only is China’s capital, there are opportunities for the United States.

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Category: Business Management
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