Prominent journalist James McGregor, author of One Billion Customers: Lessons from the Front Lines of Doing Buisness in China and the 2010 report China's Drive for "Indigenous Innovation" - A Web of Industrial Policies has been touring China discussing the U.S. economy and promoting EB-5 investments by the Midland Investment Group, a California based investment management company which is developing projects for a regional center based in Oregon.
During his tour promoted by Chinese Immigration migration broker CanAchieve, he mentiones his experience:
I am a former president of the Sino-American Chamber of Commerce in the USA, I have good experience in China, known many people in China and I am very positive for EB-5 investment. I think that to the majority of Chinese investors, the United States is an opportunity not only for the U.S. government, the American people, but also for the investors, the EB-5 investment is a win-win opportunity.
We can say that now the risk is relatively small, because the U.S. economy is recovering, has come back from the bottom, the bubble economy in 2008, there have been many problems, now gradually has been restored. It can be said that now is a good chance to invest, because in the past 22 months, American jobs have increased by 3.2 million, so current investments will have good future returns."
There are many ways to consider EB-5 investment, but the most important thing we consider is what kind of company to deal with: are they law-abiding? Are they complying with government regulations and so on? For the addition of projects recommended by Midland, I have more confidence because I am familiar with their investment in Oregon, I believe they can do this project well.
One thing the Chinese agency fails to mention is whether Midland is associated with the Oregon Regional Center or Portland Regional Center. It also does not tell us which Oregon EB-5 projects Midland is promoting.
And since USCIS does not release contact information on these EB-5 regional centers any more for reasons we do not understand, we were not able to contact the centers to verify the Chinese reports for accuracy and cannot verify the accuracy of the above statements.
James McGregor's bio: James McGregor is an American author, journalist and businessman who has lived in China for more than 20 years. He is a senior counselor for APCO Worldwide and a member of the firm?s international advisory council. A professional speaker and CNBC commentator who specializes in China?s business, politics and society, he regularly appears in the media to discuss China-related topics.