AEDC Chief: Pipeline Very Open On Chinese Manufacturing Projects

Fresh off a trade mission to Asia, Arkansas Economic Development Commission Executive Director Mike Preston said the pipeline remains open for foreign direct investment in Arkansas.

In October, Chinese President Xi Jinping signaled a dialing back of overseas investment from his country. Preston said that this trip provided more insight into the direction he believes the Chinese government will go.

“We knew that there was going to be some tightening of funds coming out of China, but it’s on — as they refer to them — as vanity projects, on things in the entertainment industry and gaming industry. Projects like those they’re tightening,” he said.  MORE

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