WASHINGTON - US Secretary of the Commerce Department Wilbur Ross on Tuesday pledged to give fair treatment for Chinese investment in the United States as the Donald Trump administration stepped up efforts to promote foreign direct investment in the country. In an address to hundreds of Chinese investors at a reception hosted by China General Chamber of Commerce - USA, Ross said he appreciated the large participation of Chinese delegation in the SelectUSA Investment Summit this year, saying it was "China's largest delegation ever" to the summit with 155 participants. "Please let me know how to help you follow up with the opportunities you have uncovered during the course of this conference," Ross said, adding the Commerce Department will help Chinese investors navigate any potential problems with other federal, state, or local agencies. "I hope that my fellow cabinet members and business tycoons who spoke at the conference have made it clear to you, that if you do invest here, you will be treated fairly and with respect," he said, promising that "the playing field will be totally level." Chinese investors have warmed up to pouring money into the United States in recent years, hitting a record billion in 2016 alone, triple the amount seen in 2015 and a tenfold increase compared to just five years ago, according to a report jointly released by the Rhodium Group and the National Committee on US-China Relations (NCUSCR). Ross said the relationship between the Chinese government and the US government has become "very closely and very friendly" since Chinese President Xi Jinping and US President Donald Trump met at the Mar-a-Lago estate in Florida in April. "I believe that they like and trust each other, and that's a wonderful foundation for doing business, and diplomatic and other relationships between the two countries," he said, noting the two sides were able to announce concrete cooperative agreements in agricultural trade, electronic payment, energy and financial services just 40 days after the Xi-Trump meeting. "These agreements have led to even more collaboration, and our two teams continue to hold twice daily phone calls," Ross said, believing the two countries will seek further agreements that benefit both countries. "Both countries are very much interested in concrete near-term deliverables, not endless discussions," he said.
WASHINGTON — Chinese Vice Premier Wang Yang on Tuesday called on the United States to relax export barriers against China and allow the two sides to tap the huge market potential in bilateral trade.
Wanda and Huayi said in their statements that losses were due to a lack of projects premiering in the first half of the year. Most of Huayi's film projects such as The Eight Hundred directed by Guan Hu would premiere in the second half of 2019.
Wanda has been diversifying, through buying a slew of assets in various sectors including cinema chains and sports clubs, and has been a high profile buyer of assets internationally.
WASHINGTON - Auto industry groups from Canada, Mexico and the United States are pushing back against the Trump administration's demand for higher US automotive content in a modernized North American Free Trade Agreement.
WASHINGTON, Dec. 1 -- US President Donald Trump has had "informal" conversation with his Russian counterpart Vladimir Putin on Friday, said the White House on Saturday.
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Wang Jianyu, president of the Chinese Academy of Sciences Shanghai branch, said, "Hawking was truly an extraordinary man who gave birth to so many brilliantly innovative ideas in his so dreadful physical condition."
Walker added that China has long been Alaska's largest trade partner.
WASHINGTON — Acting Defense Secretary Patrick Shanahan has authorized the Army Corps of Engineers to begin planning and building 57 miles of 18-foot-high fencing in Yuma, Arizona, and El Paso, Texas, along the US border with Mexico.
Walking away from Finn and Kristy, I heard a voice ask, “What building are you in? Can I come visit?”