Chinese investors flock to Austin

(Eric Janzen/KXAN)

AUSTIN (KXAN) — Texas investment opportunities are drawing foreign investors to Austin for the China-US Private Investment Summit featuring a speech by former President Bill Clinton.

Approximately 50 Chinese investors and 200 businesses, including Stubb’s, will participate in the summit at the LBJ Presidential Library.

They’re known for the meat, the sauce and the live music. But what Stubb’s is really selling is authenticity.

“This is 20 years of trying to figure out exactly what to do with this location,” said John Scott, Stubb’s Chairman.

They’re taking their trusted brand to Shanghai.

“We’re gonna send one of Stubb’s grandsons over to man the kitchen and make sure we get the barbecue right,” said Scott.

“We see the Chinese have enormous interest in American culture,” said Jay Riskind, China-US Private Investment Executive Chair. “They’re looking for opportunities to benefit their children’s education, to benefit their health and their quality of life beyond what they can get in China.”

“This summit is really a way for us to reach more people and partner better,” said Scott. “We are very economically aligned and the more we have trade and a shared economy, the better off the world’s going to be.”

President Bill Clinton will speak at a dinner for the event – tomorrow night at the Four Seasons Hotel.

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