• Most Popular
  • Most Shared

Chinese investment in U.S. is welcome: Paulson

WASHINGTON
Tue Oct 23, 2007 9:36am EDT

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.


More from Reuters

Fannie Mae says adopts new pay rules

(Reuters) - Fannie Mae said it has adopted new compensation arrangements for executive officers, according to a filing with the Securities and Exchange Commission on Thursday.

» More Top News
Senate Majority Leader Harry Reid (D-NV) (C) walks with Senator Christopher Dodd (D-CT) (R) and Senator Max Baucus (D-MT) after the U.S. Senate approved President Barack Obama's healthcare overhaul on Capitol Hill in Washington, December 24, 2009. REUTERS/Jim Young

Reid delivers on healthcare

Party-line Senate vote passes bill that would extend health coverage to tens of millions of uninsured Americans, but it's not law yet.  Full Article 

Healthcare Reform
A security guard walks past cars in a Geely Automobile Holdings Ltd. factory in a Shanghai suburb September 28, 2006.REUTERS/Aly Song
WEI GU:

China in auto power play

It might not shake up the industry just yet, but China's interest in Volvo and Saab is the start of something big in global autos.  Commentary | Video 

CHINA