BEIJING (Sputnik) – Zhang Xiangchen highlighted China’s ranking as the world’s third largest investor for three years in a row, while noting that it is the first time export and import levels are balanced.
"Given the downturn in Foreign Direct Investment [FDI] worldwide and the slow global economic recovery, China’s FDI in 2014 reached a historical maximum of $123 billion," Zhang Xiangchen told reporters Thursday.
The trade representative added that China’s investments in the United States had reached $65 billion.
US Chamber of Commerce President Thomas Donohue advocated after Thursday's meeting with Chinese President Xi Jinping for US-China economic and commercial relationship to include signing a bilateral investment treaty "as soon as possible."
