I am frankly flabbergasted that with all the economic issues facing our nation today and our dire need for capital inflows to help invigorate our industries all across the board, we are giving so much hard time for Chinese foreign direct investment in the United States.
It is a fact that Chinese direct investment in our economy is set to reach a new high this year due to a wave of deals announced in early 2016. But experts say the pace is already slowing as politicians and regulators increase their scrutiny of Chinese details.
Some lawmakers are crying foul, protesting that U.S. firms can’t invest easily in many sectors of China’s economy, while the U.S. market is wide open for their Chinese competitors, or nearly so. Efforts to negotiate a bilateral investment treaty between the two countries have stalled as Beijing has sought to rope off numerous industries.
Frankly, I believe this approach is too narrow minded and blindsided and it’s part of a troubling trend.