Wednesday, May 11, 2016
New Neighbors 2016: Chinese Investment in the US by Congressional District
(Source: RHG) Rhodium Group and the National Committee on US-China Relations have released the 2016 update of its “New Neighbors” report. The report provides a detailed tally of the operations of Chinese-affiliated companies in the United States and the local impacts of those investment. It finds that Chinese investment in acquisitions, new operations, and expansions in the US grew to more than $15 billion in 2015, setting a new record. The number of Chinese-affiliated companies in the US exceeded 1,900 by year-end 2015, extending across more than 80% of congressional districts (362 of 435). As greenfield foreign direct investment (FDI) picked up and many existing companies expanded local employment, the number of Americans employed by Chinese-affiliated companies rose by another 12%, to 90,000. Read the full report here.