Showing posts with label wariness. Show all posts
Showing posts with label wariness. Show all posts
U.S. panel urges wariness as Chinese investment grows
Friday, November 16, 2012 10:37 PM
Posted by gamefbi
WASHINGTON (Reuters) - China's fast-growing direct investment in the United States has created jobs and helped some firms and localities, but the security and economic risks posed by the large Chinese state role made such investment a "potential Trojan horse," a congressional advisory panel said in a study on Wednesday. The study, commissioned by U.S.-China Economic and Security Review Commission, found that Chinese-owned firms in the United States added between 10,000 and 20,000 workers in the past five years and helped shore up financially troubled U.S. firms. ...
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