Dallas eyes tech and medical investment from China

Dallas in the United States aims to boost investment from China and is particularly keen to attract Chinese technological and medical investors, its mayor said in Shanghai today.

The city is especially interested in Chinese investment in technology and medical areas in line with Dallas’ economic strength, Dallas Mayor Mike Rawlings, who is leading a business delegation to Shanghai, said.

The city also welcomes investment from smaller businesses in China and would avoid large real estate deals to comply with China’s overseas investment policies, Rawlings added.

Official data showed China is the third largest export destination and the second largest import market for Dallas. 

Dallas is also keen to improve tourism links with Shanghai, Rawlings added.

A non-stop flight was launched between Shanghai and Dallas Forth Worth International Airport three years ago, and the mayor said his city would work more closely with Chinese tourist agencies to boost tourism.

So far, 31 Chinese companies, including Huawei and ZTE, have set up North American headquarters and other facilities there.