Will National Security Drive Away Foreign Investment? The Chinese Experience: SANY President to Speak

WASHINGTON, July 10, 2013 /PRNewswire/ --

WHAT:  Two senior executives from SANY, the Chinese conglomerate that owns Ralls Corporation, will address the World Affairs Council – Washington, DC on future prospects of foreign investment in the United States. 

WHO:  Xiang Wenbo, President of SANY Heavy Industry Co., and Wu Jialiang, SVP of SANY Group & SANY Electric will discuss SANY's experience investing in the U.S. (and their current lawsuit against the Committee on Foreign Investment in the United States (CFIUS) stemming from last year's CFIUS-issued stop-work order that cited national security interests of the U.S.).  Dr. Derek Scissors, Senior Research Fellow at the Heritage Foundation and well-known expert on China-U.S. relations, and Chris Simkins, CEO of Chain Security LLC and expert on CFIUS and national security litigation will join Wenbo and Wu to offer their insights on the situation.  Roel Campos, WAC-DC Board Member and former SEC Commissioner will moderate the discussion.

WHY: Despite an increasing number of China-U.S. investment deals in the first quarter of 2013, Xiang and Wu believe the climate for foreign investment in the U.S. is unattractive and that America needs to indicate, in a formal statement, that Chinese investment is welcome in the U.S., lest China begin looking to Europe, Latin America, and Africa for large-scale projects.  They will also discuss recent concerns in the U.S. about cyber-theft of intellectual property and cyber-espionage between the two countries – and how China and the U.S. ultimately must find a way through these issues to improve investment and trade. 

WHEN: Friday, July 12, 2013, 8:00 – 9:15 a.m.

WHERE: Bank of America, 730 15^th Street NW, Washington, DC

The World Affairs Council – Washington, DC is 'A Leading Forum for Global Education and International Affairs' and an institution 'Where Learning Happens'. The Council is a non-profit, non-partisan organization dedicated to expanding awareness among the American public and the international community of geopolitical, business, environmental and civil society issues in our inter-connected world.

SOURCE SANY

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