US seeks more investments from India, China

[xchrom]

http://timesofindia.indiatimes.com/business/international-business/US-seeks-more-investments-from-India-China/articleshow/10277212.cms

WASHINGTON: America's top business and political leadership has sought more investments into the country from India, China and Brazil so that more jobs could be created in the US.

"Our direct investment from places like China, India, Brazil, the people that really have a hot hand today, are minuscule, almost non-existent, and there's no reason why those countries shouldn't be investing more broadly in the US than they are today," said Jeffrey Immelt, chairman and CEO of the General Electric Company.

"I totally believe that if we have more foreign direct investment from India and China and those places in the United States, we wouldn't have as many issues as we have," he added.

Immelt and others expressed their views on the issue at Friday's discussion at President's Jobs and Competitiveness Council with the secretary of state Hillary Clinton and the Acting Secretary of Commerce Rebecca Blank.

[SoCalNative]

1. Job creators?

Lazy sellouts is more like it.

[dmallind]

2. Direct Foreign Investment in the US is the biggest by a mile,

Foreigners have invested over $2.5T in US industry. Number 2 does not even get to $1.2T