Houston seeks Chinese investors
By Feng Jianmin |
June 18, 2010, Friday
|
Print Edition
Print Edition
THE American city of Houston wants to attract investments and banks from China by issuing preferential immigration regulations as well as initiating direct flights from the country.
China is Houston's third-biggest trading partner, with trade totaling nearly US$10 billion last year. The figure, however, dropped by US$2.3 billion from the peak in 2008.
Houston will soon issue new immigration rules to encourage investment, including reducing the threshold of capital from US$1 million to US$500,000 as well as granting of green cards to permanent residents, said Massey Villarreal, a board member of the Greater Houston Partnership, an organization which advocates Houston's business community.
"Every US$1 million investment in Houston may create 10 job opportunities," said Villarreal.
The organization is also talking with China Southern Airlines and China Eastern Airlines on direct flights from Shanghai to Houston.
China is Houston's third-biggest trading partner, with trade totaling nearly US$10 billion last year. The figure, however, dropped by US$2.3 billion from the peak in 2008.
Houston will soon issue new immigration rules to encourage investment, including reducing the threshold of capital from US$1 million to US$500,000 as well as granting of green cards to permanent residents, said Massey Villarreal, a board member of the Greater Houston Partnership, an organization which advocates Houston's business community.
"Every US$1 million investment in Houston may create 10 job opportunities," said Villarreal.
The organization is also talking with China Southern Airlines and China Eastern Airlines on direct flights from Shanghai to Houston.
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