# Prof. Joseph Foudy on Chinese investments in the US and Europe

1 Faculty News January 29, 2014 ![CCTV logo](/sites/default/files/styles/246w/public/assets/images/con_042799.jpg?itok=_MQ3VVcM)>

Excerpt from [CCTV](http://english.cntv.cn/program/newshour/20140129/102840.shtml) -- "'Once you see China transition to an innovation economy, this rebalancing that the Chinese government has talked about for the last year or two, you’re going to see real large increases in Chinese investment in the US and Europe. Going forward it’s going to be about building brands, building factories, linking up with US firms and getting technology, that’s going to transform China and lead to much more investment,' [Joseph Foudy](http://www.stern.nyu.edu/faculty/bio/joseph-foudy), economics professor from NYU Stern, said."

[Read more](http://english.cntv.cn/program/newshour/20140129/102840.shtml)