Chinese investment in U.S. is welcome: Paulson

WASHINGTON (Reuters) - U.S. Treasury Secretary Henry Paulson on Tuesday said that foreign investment in the United States by China or any other government was a good thing and had always been a feature of the country's open economy.

"I very much welcome investment in our country by all foreign nations, including China," Paulson told a conference on U.S.-China relations in answer to a question.

Paulson hosted a dinner for sovereign wealth funds on Friday in Washington after a meeting of Group of Seven industrialized powers in order to improve the dialogue with these government-controlled investment funds, and he found nothing sinister in their motives.

"From everything I could see, the intent and the practices of either all or the vast majority (of sovereign wealth funds)...were economically driven," he said.