A Financial Times report reveals that China has become the largest greenfield investor in the United States. Greenfield investments mean that a company starts a new venture from the ground up, building a new facility where there wasn’t one, and in many cases, creating more jobs.
CCTV America’s Mark Niu looks at China’s ever-evolving investment in America.
Highlights:
- Chinese greenfield investors, like Fulton Street Ventures, pumps in $100 million to build the largest condominium project in San Francisco Bay area.
- While Chinese tech investments are not at the point where widespread manufacturing in the U.S. is occurring, they are creating jobs.