H. Roger Wang, chairman of Committee of 100, a non-profit U.S. leadership organization of Chinese Americans, speaks during a press conference in New York, the United States, April 5, 2019. Speaking at a press conference on Friday, H. Roger Wang said he is positive that the situation would improve although China's outbound investment in the United States currently hit the bottom. (Xinhua/Wang Ying)
NEW YORK, April 5 (Xinhua) -- China's outbound investment in the United States is going to recover after posting a deep drop in 2018, according to chairman of Committee of 100, a non-profit U.S. leadership organization of Chinese Americans.
Speaking at a press conference on Friday, H. Roger Wang said he is positive that the situation would improve although China's outbound investment in the United States currently hit the bottom.
"You will see more Chinese investment into the United States," said Wang.
Chinese investors only invested 4.8 billion U.S. dollars in the United States in 2018, down from 29 billion U.S. dollars in 2017 and 46 billion U.S. dollars in 2016, according to data from the research institute Rhodium Group.
The slump of Chinese investment in the United States last year resulted from tighter regulatory checks from both the United States and China, according to Wang.
Most companies indicated that they would maintain or accelerate their investment in each other's markets in 2019, according to a new snap survey with top executives from companies which are committed to doing business in both the United States and China.
"Businesses in both countries plan to stay engaged with most planning to maintain or increase investment," said a release issued on Friday on the survey jointly conducted by Committee of 100 and the U.S.-China Business Council, which represents American companies that do business with China.
