KRCL Director Viking Tao Featured in China Daily Article

In a recent China Daily article discussing the upcoming SelectUSA 2013 Investment Summit, KRCL director Viking Tao shared her views on the recent trends of Chinese investment in the United States.  

She said Chinese companies are buying American businesses when synergy can be created to serve the Chinese consumer market, citing the examples of Dalian Wanda's acquisition of AMC and Shuanghui's acquisition of Smithfield.  Many Chinese investors are also looking at real estate deals. "From product type point of view, multifamily and office buildings are most popular," Ms. Tao said.

Ms. Tao stated that, although the Committee on Foreign Investment in the US can be an obstacle for Chinese companies interested in investing in the US, "the recent CFIUS approval of Shuanghui's acquisition of Smithfield is a positive result."

The event's website describes the SelectUSA 2013 Investment Summit as a "first-of-its-kind, national-level engagement intended to connect businesses and investors from around the world with US economic development organizations at the state, regional, and local levels.  The SelectUSA 2013 Investment Summit is being hosted by the US Department of Commerce, International Trade Administration, and SelectUSA, as part of a US government-wide initiative to promote direct investment in the United States."