by Xinhua writers Wang Wen Balenciaga Speed Trainer Sock Race Runners Triple White Pas Cher , Zhou Xiaozheng
NEW YORK, May 26 (Xinhua) -- China's recent move to tighten the oversight of outbound investment helps promote healthier and more balanced investment in the United States, industry leaders have said.
A latest report on investment relations between the United States and China showed while China's U.S. investments in 2016 tripled the amount seen in 2015, it largely focused on industries like real estate and hospitality.
Chinese investment in real estate reached a new record high, whereas investment in U.S. agriculture and energy remains small, according to the report released last Thursday.
Business executives attributed an imbalanced mix of industries to irrational and illegal outbound investment activities that Chinese authorities have been working hard to curb.
They observed speculative cases Balenciaga Speed Trainer Knit High Runner Blanche , illegal transfer of assets, and fake transactions under the guise of outbound investment.
"Some newly established firms, which had produced nothing, were providing large sums of outbound investment. Other companies with a small amount of registered capital are making huge investments overseas," said Tu Guangshao, vice chairman and president of China Investment Corporation.
He added that such investments clearly have nothing to do with their company business and regulations to rein in such activities are necessary.
In January Balenciaga Speed Trainer Sock Race Runners Triple Black Pas Cher , after noting an "irrational tendency" in outbound investment, Chinese authorities set stricter rules and advised companies to make their investment decisions more carefully.
Overseas merger and acquisition (M&A) activities are like "a rose with thorns" and business enterprises need to be "cautious," said Pan Gongsheng, director of China's State Administration of Foreign Exchange.
After half a year, stricter supervision has already yielded positive results.
"Chinese investment in the United States will be healthier and more closely connected to domestic economic restructuring," said Xu Chen Balenciaga Speed Trainer Knit High Runner Noir Blanche , chairman of China General Chamber of Commerce - U.S.A.
Echoing Xu's remarks, Ni Pin, president of Wanxiang America Corporation, said: "Chinese companies invest more rationally in the United States under current rules, which may even cool down the U.S. asset markets a little."
Looking forward, China is willing to work with the United States to realize balanced development of trade and investment.
Xu is optimistic that the two countries will increase trade cooperation under the 100-day action plan Balenciaga Triple S Low Top Grise Rouge Pas Cher , which has already achieved initial results in agriculture, energy, financial services and investment.
Under the plan, China will allow the import of U.S. beef and the United States will import poultry from China. The United States expects China and other partners to import liquefied natural gas and China will allow wholly foreign-funded financial services to provide credit ratings in China.
"U.S. beef exported to China does not have to be produced by U.S. enterprises. Chinese investors could acquire plants to process agricultural products in the United States and sell products to Chinese consumers," said Xu, who is also president and CEO of Bank of China USA.
According to Xu Homme Balenciaga Triple S Low Top Noir Pas Cher , Chinese enterprises are also very interested in investing in the natural gas industry, not only with M&A, but also green field investment.
"It's a win-win situation. The U.S. market offers low-cost resources such as natural gas and land, while the Chinese market has a large demand for products like methanol," said Xu.
Meanwhile, Chinese business executives acknowledged inconvenience brought by tightened regulations.
"Companies may have experienced inconvenience when scheduling their investment under tightened regulation Femme Balenciaga Triple S Low Top Noir Blanche Pas Cher , but people should understand authorities need time to improve cross-border capital management," Xu said.
He added the increasingly globalized Chinese economy will lead to larger cross-border capital flow and pose management challenges.
(Xinhua correspondents Wang Naishui and Xu Jing contributed to the story)
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NEW DELHI, Sept. 27 (Xinhua) -- The shutdown going on for past over 100 days in Darjeeling town of India's eastern state of West Bengal was called off following an appeal from Home Minister Rajnath Singh, officials said Wednesday.
Normal life in the hill station and adjoining areas resumed Wednesday morning, reports said.
The strike was called by the leaders of Gorkha Janmukti Morcha or GJM (Gorkha Peoples Liberation Front) Nike Dunk Basse Violet Pas Cher , who were spearheading the protests demanding separate state of Gorkhaland to be carved out of West Bengal.
"GJM Chief Bimal Gurung met senior leaders of his party and later, in an audio message, announced to suspend the shutdown from today for an indefinite period," a GJM leader said.
Singh on Tuesday appealed to GJM to withdraw the strike, saying in a democracy, dialogue was the only way out to resolve problems.
"I have asked the home secretary to convene an official level meeting in the home ministry within a fortnight to discuss all related issues. I also appeal to the GJM and its leader Shri Bimal Gurung to withdraw the ongoing bandh and to help create a conducive atmosphere for allowing normalcy to return to the area Nike Dunk Basse Grise Pas Cher , particularly in view of the festive season," a statement issued by Singh said.
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