Hong also expressed the hope that the plant will produce products not only for the City of Chicago, but also for many other states and cities in the United States and serves as an important manufacturing hub based in Chicago.

According to CRRC Sifang officials, the plant will begin production in 2019, with delivery of railcars starting in 2020.

Official statistics show the two-way investment between China and the United States totalled more than 170 billion dollars. China's direct investment in the United States reached 45.6 billion dollars in 2016, doubling the amount in 2015, while U.S. actual investment in China grew 55.4 percent in 2016.

Trade between the two has also skyrocketed in recent years. In 2016, bilateral import and export came to 578.59 billion dollars. China is now the United States' third largest export destination, the largest import source and the largest trading partner; while the United States is China's largest trading partner, the largest export destination, and the fourth largest import source.

The United States has 22 percent of its cotton production and 56 percent of soybean production exported to China.

To be specific, trade volume between China and the nine states in U.S. Midwest reached 92.6 billion dollars in 2015. Chinese enterprises invested nearly 13 billion dollars in U.S. Midwest, creating some 30,000 jobs, statistics provided by Chinese Consulate in Chicago showed.

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