Jobs in Seattle Supported by Chinese Investor

One international businessman's interest in local technology could help create more jobs in Seattle (Click here).

Jiang Zhaobai, a real estate mogul and chairman of Shanghai-based PengXin Group, is looking to purchase minority interests in technology companies throughout Washington. Zhaobai, who is planning a visit to Seattle in September, would then help those companies enter the Chinese market.

"One of our highest priorities is to attract more of the this kind of foreign investment from China, that will add value, jobs and wealth to this region, as opposed to companies that buy technology and customer lists, and move back to China," Joe Borich, executive director of the Washington State China Relations Council, told the Pudget Sound Business Journal.