Detroit Mayor Leading Effort To Attract Chinese Investment

USIG Staff - May 2018
Detroit Mayor Mike Duggan Speaks at the Michigan-China Week Event.
Detroit Mayor Mike Duggan Speaks at the Michigan-China Week Event.

The inaugural Michigan-China week kicked off earlier this month in Detroit's historic Book Cadillac Hotel. According the Detroit Free Press, business leaders and elected officials across the state of Michigan are making an effort to strengthen the state's relationship with China. The aim is to attract new investment from Chinese businesses and individuals that will create jobs. As part of the week long event, more than 150 business and government officials from China visited Detroit to discuss the broadening of the business relationship between China and the State of Michigan. The Free Press article which you can read here, states that there are more than 300 Chinese firms in Michigan which support at least 6,000 jobs.

Mayor Mike Duggan spoke about the City's relationship with China: “Detroit is re-establishing itself as a place to attract investment from around the world.” “China is the world’s most rapidly growing economy, and we want to have a strong relationship.” Chinese individuals and institutions have been heavily investing in Detroit's real estate market for several years now. With investors from around the world flocking to buy properties in Detroit, it is no surprise that Detroit is a popular destination for Chinese investment dollars. There are multiple companies throughout China that offer properties for sale in Detroit. Chinese investors interested in investment themed tours of Detroit can visit this page: Detroit Investment Tours.