This blog compiles the thoughts of UCLA undergraduates on the connections between economic history and current events. All contributors to this blog are enrolled in Ec183, The Development of Economic Institutions in the United States. The premise of this course is the history matters. The careful application of economic theory and quantitative reasoning can help us understand the past.
Tuesday, November 29, 2011
More Chinese investors tend to invest in the United States
After a rapid internal development, China emerged more investors interested in investment aboard. The U.S. attracts a significant portion of those investments. In the U.S. perspective, it is a potential opportunity to create many needed jobs for the U.S. citizen. On the other hand, through Chinese People's Daily, a total around 3,000 Chinese citizen applied for and 900 received the EB-5 immigrant visa for permanent resident status in the U.S. this year. Most of Chinese investors choose to invest in the U.S. to get the visa for their next generation. World-top universities also attract a lot of wealthy Chinese parents. Also, one form of investment immigration is setting up a firm and hire certain amount of employees. In this way, more investors are more likely to provide jobs for the U.S citizen.
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