Despite strong political pressure, it will be hard to limit American investment into China.
The U.S government is poised to increase its scrutiny of the billions of American investment dollars flowing into Chinese high tech firms. But putting the policy into practice may be harder than many in Washington expect.
The idea behind what is known as outbound investment screening is simple: while Washington has processes to review and block investment from China into the U.S., through the interagency body called the Committee on Foreign Investment in the U.S. (CFIUS), the government can
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Chinese companies have decided that the best place to make money right now is outside of China. The phenomenon known as chu hai (出海), which translates to “go global,” has taken hold, marking a kind of second 'go out' initiative. This time, however, Chinese companies are being met with scrutiny and suspicion.
The former Commerce Secretary and ambassador to China talks about how his background shaped his approach to dealing with Beijing, the pivot to Asia and negotiating Chen Guangcheng's release.
A podcast about how the two nations, once friends, are now foes.
Hear why things are so complicated now. Host Jane Perlez, former New York Times Beijing bureau chief, talks with diplomats, spies, cultural superstars like Yo Yo Ma, and more to understand why the dangers are so high, and why relations went awry.