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1. That’s not the worst of it and doesn’t tell the full story - after Trump put up a not for sale sign, Chinese direct investment in US plunged 83% in 2018 (Chinese investing in Europe plunged 70% in 2018). Canada “won” however - Chinese investment rose 80% in Canada in 2018 🇨🇦
2. Chinese investments of $45.6 billion in 2016 boosted US economy; they plunged to $4.8 billion in 2018 amid trade/tariff wars. Possibly spooked by Russia investigation, China went on a record-setting selling spree of real estate, hospitality holdings. cnn.com/2019/01/14/inv…
3. With US tightening its foreign investment reviews, net Chinese foreign direct investment into North America turned negative in 2018 to $5.5 billion, according Baker McKenzie. China will sell off another $12 billion in assets around the world in 2019.
4. US officials are scrutinizing Chinese investment with more intensity.
Committee on Foreign Investment in the United States rejected several high-profile transactions. Trump signed legislation expanding the power of CFIUS to block foreign deals for national security purposes.
5. If this trend of declining Chinese investment in US continues, US could lose out on $300 billion by 2030 (other countries could benefit, however; Canada saw big spike in Chinese investment in 2018) which could compound the negative effects of deficits.
6. How important is foreign direct investment (FDI) to the US economy? In 2016, economists from ITA’s Office of Trade and Economic Analysis estimate that 12 million jobs, or 8.5% of the entire U.S. labor force, were attributed to FDI. blog.trade.gov/2016/02/24/new…
7. Foreign investments are a major driver of US innovation. In 2013 alone, foreign companies like Novartis, Michelin, Samsung, L’Oreal, Honda spent a whopping $65 billion on US R&D and exported $500 billion worth of goods from the US, and helped reduce the US unemployment rate.
8. Between 199-2012, US share of annual global foreign direct investment flows fell by more than half, from 26% to 12%. But US continues to be world’s largest recipient of foreign direct investment - in 2017, accumulated stock of FDI in US was >$4 trillion.forbes.com/sites/danikens…
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