I can't find anything about an "Ambassador's Investment Forum," but since he's going to China, perhaps they're talking about the United States-China investment forum.
Here's a speech made by Ambassador Locke in Sept 2012:
by Gary F. Locke
States Ambassador to China
Investment Cooperation Forum
LOCKE: Really it’s a pleasure to be here at this U.S.-China Investment
Forum. I want to thank Harley for the great job that he’s doing on behalf
of AmCham South China and also Jennifer Galt who is our new Counsel General
here in Guangzhou.
I also want to say before I begin my
remarks that the United States
government, the people of America
extend their deep condolences to the people of Yunnan,
Guizhou and Sichuan who lost loved ones during the
earthquake of Friday. We know that tens of thousands of homes were
destroyed and hundreds of thousands of people have been displaced as a result
of that. The U.S.
government and the people of America
stand ready to assist in any way possible.
I also want to say just how pleased I am to
be here in Xiamen for the very first time in Fujian Province.
Last night we had a round of very very busy activities, but then we were able
to sneak away late in the night to Gulangyu Island and also afterwards we went
to have some of your famous peanut soup at the 100 year old Guangjehe
Restaurant. That was quite a treat.
But as I said, this is my first visit to Xiamen and it’s a
beautiful, beautiful city. I’m looking forward to even more visits.
I’m particularly pleased to see that the
AmCham has brought such a large and active delegation this year to the 16th
Annual China International Fair on Investment and Trade. Harley tells me
that AmCham members have signed or will sign deals worth hundreds of millions
of dollars during this fair.
This kind of activity brings benefit to
both countries -- jobs, revenues, ideas, and also people to people exchanges,
all of which goes to enrich the most important bilateral relationship in the
world today. With over 2000 members AmCham South China is one of the
largest and fastest-growing Chambers in the world, and I understand now, and
Harley just showed me some pictures of its new office tower in Guangzhou with its big logo on the top.
I also want to acknowledge the Xiamen municipal authorities and Fujian
authorities, government leaders, for organizing this 16th China
International Forum of Investment and Trade which brings together large numbers
of people from across the world and reaffirms the importance of China’s global
trade and investment potential. This international fair is very important
to the United States
as well. So we’re very, very pleased to have Deputy Director General Yang
of the China Investment Promotion Agency here and giving his remarks, and we
also know that Chairman Cho of the glass company will be giving some remarks in
just a few minutes. We have a very distinguished panel of speakers later
on in the program and we’re so pleased that you’re able to take time out of
your very busy schedules to participate in this investment forum.
Because investment in both directions -- U.S. companies into China
and Chinese companies into the United
States -- reaffirms the vast mutual benefit
of a strong U.S.-China relationship. This is far from a zero sum game in
which one country’s rise is to the detriment of another. We are pursuing
win/win opportunities and a win/win partnership.
America is the largest
investor, foreign direct investor in China. And America is China’s top trading partner.
Outside, if you don’t count the EU, America
number one export destination.
So we welcome the opportunities that this
16th International Fair brings to further strengthen U.S.-China
ties. Earlier this week Secretary Clinton was in Beijing
to meet with the top leaders of China
and to express our firm commitment to broadening this relationship.
Much of the history of the 21st
Century will be written in the Asia Pacific region. That’s why CIFIT,
focusing on increasing economic ties and investment in particular is so
In the last several decades the Asia
Pacific region has emerged as a key driver of international economics and
politics, and this region is known for its dynamism, its creativity and its
diversity. This particular region will account for, now accounts for,
about 60 percent of the world’s GDP. Having CIFIT in Xiamen, Fujian
has also brought particular resonance, let me just say, on a personal level to
myself and our government.
First of all, Xiamen
is the site of one of our very first consulates in China
out on Gulang-yu Island and the building is still
there. We had to take a peek at it last night. And Fujian, along with Guangdong
Province accounted for most of the
immigration from China
throughout the 1800s and much of the 1900s. As many of you know, my
grandfather was just one of millions of Chinese immigrants leaving our
ancestral village in Guangdong, Taishan, Guangdong Province for opportunities
So our ties are more than economic.
They are cultural. They are family ties.
The United States has been a leader in
the Asia Pacific for nearly 200 years and our presence in this region has
helped maintain stability, foster economic growth, and create opportunities for
Recognizing the critical importance of this
region, it’s no wonder that President Obama from the very beginning of his
administration identified engagement with Asia Pacific as one of his top
foreign policy priorities and set out substantially to increase our
investments. Not just economic, but also diplomatic and strategic, in this
part of the world.
We’re committed to this region. Our
commitment is multi-faceted, reflecting the scope of our relations and our
interests here in China.
President Obama has met with President Hu
more than 11 times. We’ve had more military exchanges in the last several
years than at almost any point in the U.S.-China relationship. Many, many
cabinet level ministers and secretaries from the United States have traveled to
China for meetings.
So when we talk about stronger engagement
in Asia we’re also talking about stronger engagement with China. We
think that over the last several years the actions of the U.S. government in meeting with the Chinese
leaders, bringing delegations of government leaders to China and having meetings all around the world
demonstrates our interest and commitment to a stronger engagement with China.
On the economic front we’re seeking to
further regional economic integration through the Trans-Pacific
Partnership. This agreement would promote innovation, economic growth and
development, ensuring the continued economic dynamism of the entire Asia
We’re also significantly increasing our
assistance to the region through the Asia Pacific Strategic Engagement
Initiative that was announced by Secretary Clinton in Phnom Penh in July. And we’re committed
to promoting universal values such as transparency, rule of law, human rights,
and good governance because we believe that these are critical components of
long-term regional stability, prosperity and economic growth.
Clearly as countries with the largest
economies and in the case of China
the largest population in the Asia Pacific, the United
States and China have a unique role to play in
ensuring regional peace and prosperity. We have a shared interest in
working together for the good of not just our own peoples, but indeed the
peoples of the entire region.
As our leaders have said, we intend to make
history in our relationship with China in the 21st
Century. We intend to find a way to coexist and to cooperate without
unhealthy competition, rivalry or conflict. Because conflict between a
rising power and established power is not inevitable. As President Hu
Jintao and Vice President Xi Jinping and Secretary Clinton have all
indicated. We must therefore forge a relationship based on mutual respect
and mutual benefit.
But we must also recognize that rhetoric
alone is not enough. We need to demonstrate that our cooperation achieves
real results and brings real benefits to both our peoples and indeed to the
In our economic relationship we believe
this requires fairness in both policy and practice. Fairness means
guaranteeing a level playing field for healthy competition between U.S. and
Chinese firms, establishing a more open investment climate and ensuring more
opportunities for foreign goods, products and services, and improving
protections for intellectual property. Indeed, intellectual property
rights is now an issue that is being raised even more often, perhaps, or just
as often by Chinese entrepreneurs and Chinese businesses as by foreign
Fairness also means that the United States
will listen and respond to Chinese concerns as well, so that together we can
find ways to unlock the economic potential of our two great
That’s not to say that we will always
agree. There are always issues in which we will have very different
opinions, just as America
has different opinions with Germany
and France and even our
neighbors to the north or south, Canada
But it’s our conviction that a China that’s more open to all these ideas and
expressions will lead to a stronger and more secure China, which is something
that the United States and the world welcomes.
So let me be clear. We welcome a
strong, prosperous China
that takes its rightful role on the world stage. We want to partner more
fully with China
to promote peace, stability and development, which benefits both of our
countries. Not just our countries but the Asia Pacific and the
The good news is that today the United States and China are already working together
more than ever before in ways large and small to expand our cooperation and to
address the global challenges that we face.
On the economic front we’re working together
to achieve real results for our peoples. Forty years ago it would have
been difficult to imagine the interdependence that characterizes our two
economies today. To put this in tangible terms, in 1972 when President
Nixon first came to China
our yearly bilateral trade was less than $100 million. Two-way investment
in each other’s markets was close to zero, and only a handful of American jobs
relied on trade with China.
Today more than a billion dollars of goods
and services flow between our two countries every single day. And over
800,000 American jobs depend on producing goods and services sold to China. An
even larger number of Chinese jobs are now anchored by trade with the United States.
U.S. business invested tens
of billions of dollars and created job opportunities for millions upon millions
of Chinese workers since the beginning of China’s economic reforms. We
have major companies like Dell, Proctor & Gamble, Mead Johnson and Amway
who have placed their China headquarters in Fujian and Guangdong Province, and
FedEx has its Asia Pacific cargo hub in Guangzhou. I’m told that last
year, and even Harley has indicated this, AmCham South China members have
created over 500,000 jobs in this region and are on track to reinvest some 10
billion U.S. dollars in this region this year. So people in both
countries are benefiting from this deepening economic integration. And
measured against the past where the relationship has been, our two sides have
made enormous progress.
Indeed Chinese companies with operations in
America are also making important contributions to U.S. output and employment
and they are very valued members of the American communities in which they have
operations, while at the same time growing their businesses to the benefit of their
owners and their shareholders here in China.
In total, Chinese direct investment in the
United States increased by almost a factor of eight between 2005 and 2011, from
$700 million to $5.4 billion, and in fact it’s on a record pace so far in 2012
with almost $4 billion in deals completed just in the first six months of this
year. We know that many more big deals were announced just in the last
So this trend is a very positive
development for both the United States
The Chairman of CNOOC, Chairman Wang Yilin,
told me last week, that CNOOC’s investment in Chesapeake Energy in America will someday employ as many as 20,000
Americans, and CNOOC is looking toward even additional investments in the United States.
Chinese companies benefit when they go to
the United States
by gaining access to the world’s largest markets, to a highly educated labor
force and a very efficient one, to the most modern management and corporate
governance, as well to research, and development infrastructure. At the
same time Chinese investment in the United States creates American
jobs. It helps boost our U.S.
exports and it creates stronger U.S.
economic and commercial ties.
Our message to our friends here in China is
clear. We welcome Chinese investment in the United
States the same way that companies from other countries
around the world have invested in America. We have numerous
substantial investments in the United States
from companies from Germany,
from Russia, from Brazil, from Japan,
Korea, India, all around the
world. We want even more investment from China. Because we know that
foreign direct investment in America
is vital to our economic growth, job create, and productivity.
To that end the U.S. Embassy working with
AmCham South China has produced a ten minute video in Chinese that’s available
on our embassy or consulate web site. It talks about the investment
climate in the United States.
It has three objectives. Number one, to dispel the false stereotypes and
misperceptions about investing in America. Number two: It highlights the
many, many Chinese companies that have in fact gone to America and successfully
invested in America. And number three, it actually outlines some of the
key ingredients to successful investment in the U.S., namely to have a good set of
advisors -- legal advisors, financial advisors, PR advisors or management
A critical component of increased
investment to America
is ease of travel between our two countries. So as Ambassador I’ve made
streamlining our visa processes a top priority in order to facilitate these
exchanges. I’m happy to announce that our embassy in Beijing
and our consulates throughout China
have issued more than one million visas so far for travel to America.
The demand is so great for visas that we believe that by the end of the year we
will have issued 1.4 million visas. That’s 40 percent growth over last
year and a doubling of the visas that we’ve issued since two years ago.
We’ve been able to do all of this while keeping our wait times down for
appointments. In fact right now if you were to go to the consulate in Guangzhou you only have
to wait two days for your interview appointment. Elsewhere it’s also two
to even four days. That compares to 100 day wait time two years ago in
the summer time in Beijing, or last year the
wait time for your appointment in Shanghai
was more than 70 days. It is now two to four days.
Also if you used to have a visa, if your
visa had expired more than a year ago, in the past you had to come back in for
another interview. The new rules and regulations say that you have up to
four years after your visa expired without having to come in for another
interview. Just renew it by basically dropping it in the mail or dropping
it off at a Citic bank to have that visa renewed. So again, many
significant changes that will make it much easier and more convenient to obtain
a visa to travel to the United
States on business or tourism or to
To keep up with future growth, however, we
also want to go beyond these reforms to our internal systems. So we’ve
informed the Chinese government formally that the United States is willing to give
the Chinese a five year visa for business, tourism or study. But we first
to agree to give the Americans the same five-year visa. We’re actually
having very very good discussions and negotiations with the Chinese government
on this issue.
All of these joint efforts that I’ve talked
about show that the United States
can work together in the Asia Pacific region and again around the world to
support common goals and to achieve real results for our peoples. We’ve
got a long ways to go but I’m hopeful that together we can escape from the
historical patterns and instead forge a legacy of cooperation and partnership
that will be a model for future generations.
I want the history books to say 50 and 100
years from now that it was China
and the United States
working together that solved not just the challenges and problems of China or the United States, but indeed, solved
the problems facing the entire globe.
China has a history of
countless contributions to world civilization spanning thousands of
has been a source of innovation and value to democracy and ideas in the modern
era. Imagine what our two countries can do together.
The more we’re able to bring our two
peoples together in common cause the more we’ll be able to deepen shared
convictions between our people. A prosperous China
is good for the United States
and a strong U.S. economy is
good for China.
A strong U.S.-China relationship is good for the entire world. Thank you.