Forum: overcoming investment challenges between China, U.S.(2)

Mike Walter, news anchor for CGTG-America (left), moderates a panel discussion featuring (from second left to right): Martin Maciak, head of the Asia Origination and RMB Internationalization; Lewis Liu, vice-president of business development and strategy at Karma Automotive; Judy Zhu, vice-president of Synear Foods USA; and Stephen Cheung, president of World Trade Center Los Angeles, in an event organized by CGCC in Los Angeles on Thursday. (CHINA DAILY/LIU YINMENG)

"Cooperation is the only choice for China and the U.S., and a better future could only be achieved through win-win cooperation," said Yuan Hao, commercial consul for the Chinese Consulate General in Los Angeles, who spoke at the event.

Citing statistics from the CGCC 2019 Annual Business Survey Report, published in June, Yuan noted that Chinese companies are committed to supporting growth in the U.S. long term.

Eighty-three percent of the survey respondents cited "growing existing business" as the primary objective in 2019. CGCC's Chinese member companies employ more than 200,000 people in the United States, and nearly half of the respondents said they intend to increase hiring in the next two years, Yuan said.

Kevin Klowden, executive director at the Milken Institute's Center for Regional Economics and California Center, said he is "short-term pessimistic, long-term optimistic".

Klowden, who also spoke at the event, said "many of the main concerns that the U.S. has involves structural change in China".