Chinese Direct Investment in California
REGISTRATION NOW OPEN FOR SAN FRANCISCO EVENT ON OCTOBER 10!
California was built in no small part through foreign investment, and in the 21st century a rapidly growing share of this investment is coming from China. With its large and growing population, proximity to Asia, and strengths in the high-tech, renewable energy, telecommunications, and service sectors, among others, California has attracted more Chinese investments than any other state over the past decade.
In terms of total investment value, California is only fifth in the United States, but the state’s large, diverse, and dynamic economy means it is well placed to move to the head of the line. The potential benefits are huge: new capital, jobs, and tax revenues, as well as better positioning in the global production chain.
This fall, the Asia Society and Rhodium Group are releasing a new report that will document the scope of Chinese investment in California to date and identify key strategies for the public and private sectors to create an even stronger investment climate. The new report builds on the landmark Asia Society study released in 2011, An American Open Door? Maximizing the Benefits of Chinese Foreign Direct Investment, which looked at investment flows from China into the U.S. more broadly.
The upcoming report will incorporate feedback from leaders in California government and industry and will present new data to zoom in on the investment climate and opportunities in the state. How should these investments be tracked and measured? What form have they taken and which industries have led the way? What are California’s strengths and challenges as it strives to build on its existing partnerships with Chinese investors? These are just some of the questions that will be addressed in the new study.
The report will be launched at a public conference in San Francisco on October 10 and in Los Angeles on October 11. It will also be released at events in Shanghai and Beijing in November. Stay tuned for more details and updates.
Asia Society would like to thank our corporate sponsors and Jack Wadsworth for their support.
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