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Wyoming: hotspot for Chinese investments

In a recent study from the Rhodium Group and National Committee on US-China Relations, China appears to be pouring significant commercial investment into the United States—a stark contrast in roles for both countries since the 1980s.

Chinese firms spent nearly $46 billion in foreign direct investments (FDI), which the study says bolsters the U.S. “growth, employment, competitiveness, and innovation.” As a result, Chinese firms established more than 1,500 business ventures during those years.

In an illustrated map of FDI distribution by congressional district, investments concentrate heavily in Wyoming. The Cowboy state’s single district racked up $500 million to $1.5 billion in FDI, compared to eastern Colorado, which saw between $100 million and $500 million and southwest Texas, which saw more than $1.5 billion.

Wyoming Public Media sources Chinese interest in the state to two joint ventures between Chinese company Cnooc and Chesapeake Energy in the Powder River Basin and DJ Basin.

“We have such a great mineral resources base that their investments are sound,” Shawn Reese of the Wyoming Business Council told Wyoming Public Media. “They will produce a return for those joint ventures.”

Foreign direct investment facilitated 9,000 jobs throughout Wyoming in 2012, according to the U.S. Department of Commerce.

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