New Neighbors: Chinese Investment in the US by Congressional District
A new report by Rhodium Group in partnership with the National Committee on US-China Relations for the first time details Chinese commercial investment in the US down to the congressional district level.
A new report by Rhodium Group in partnership with the National Committee on US-China Relations for the first time details Chinese commercial investment in the US down to the congressional district level. The study shows that Chinese companies are now operating in 340 of 435 U.S. congressional districts, employing more than 80,000 Americans. Chinese companies also spend hundreds of millions of dollars annually on research and development activities and create linkages which can help foster US exports of goods and services.
Foreign direct investment (FDI) is a vital component of the United States economy today and has been throughout the nation’s history. Investors from abroad are a source of growth, employment, competitiveness, and innovation, and their presence is living proof of America’s commitment to openness, market competition, and putting the interests of consumers above the welfare of corporations.
Companies from China have not historically played a direct role in the US economy, and FDI was largely a one-way street from the US to China from the 1980s to the 2000s. In recent years, however, Chinese FDI into the US has taken off, bringing a growing number of firms from
China face-to-face with US communities; new corporate neighbors are moving in.
This report details – for the first time – Chinese commercial investment in the US down to the congressional district level, using a unique dataset in
development since 2009. With that granular information the report describes the picture so far in terms of investment value, operations, and associated employment.