The American Enterprise Institute and Heritage Foundation’s China Global Investment Tracker follows large Chinese investments, excluding bonds, around the world. The leading recipient of these kinds of investments is the United States, at just over $70 billion from January 2005 through June 2014.
The deals described in the tracker are worth $100 million or more and are voluntary transactions. They let ordinary people make their own economic choices. Chinese purchases benefit Americans who hold desirable assets, including individual family homes, not just office towers or giant corporations. Chinese investment helps support a small number of American jobs.
China is not an enemy, but it is not a friend. Government involvement in Chinese investment in the US should be limited but some guidelines are necessary. Chinese firms and individuals should not be allowed to buy advanced technology that could have military uses. American policymakers should be aware that most Chinese firms have little familiarity with a competitive market under the rule of law, so their ability and willingness to obey American law should be monitored. If these guidelines are kept in place, Chinese investment in the US can continue to be a net positive for both countries.