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Official on a mission to inform
2010-09-02 09:16:38Source:China DailyAuthor:
Four months after Marisa Lago took the helm as Assistant Treasury Secretary for International Markets and Development in February, she paid a visit to Shanghai to attend a public forum and meet Chinese businesspeople.
And now amid the continuous controversies over Chinese investment in the United States, she is expecting another China trip later this year as part of her efforts to welcome Chinese investors .
Lago also plans to use the trip to launch an "educative and informative campaign" about the Committee of Foreign Investment in the United States (CFIUS), a multi-agency panel chaired by the Treasury Department to review foreign investment that might pose a national security threat to the US.
"We welcome investment from China as we welcome investment from any country," Lago, who coordinates the CFIUS review process, told China Daily.
"We welcome Chinese investment from both private and State-owned enterprises. This is a long-standing US welcome and it also has broad bipartisan support."
As more and more Chinese enterprises seek to invest in the US, Chinese investors often get frustrated by reports that some planned Chinese investment in the country has been cancelled due to national security concerns, with this worsening strained China-US trade relations.
In the US, there is also a long-running debate over whether big Chinese companies, especially State-owned ones, should be allowed to invest in sensitive industries in the US.
The recent cases of China's Anshan Iron & Steel Group and Huawei Inc, a major telecommunications equipment supplier, have sparked dissatisfaction and even angered some Chinese officials and business leaders.
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