The Chinese want to buy more American companies — and we should let them

2016-04-08
China

China offered $14 billion to acquire Starwood in a bidding war with Marriott, but rejected. Many other Chinese investment deals were turned down as well amid concerns that the investors' financial statements are not available, no information about how the investors would finance the deal is available, as well as links between the investors and the Chinese government. Scrutiny from Committee on Foreign Investment in the United States (CFIUS) is another issue. However, it's intelligent to embrace Chinese investment as it creates jobs, drives economic development in the US, and serves as an economic tie that helps reduce US-China tension in the future. China invested $195 million in the US in 2006, and this number increased to $15.3 billion in 2015. In 2016, China has poured $3 billion already with another $26 billion pending. The Washington Post has more.

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