Source Pravda.Ru

China invests $81 Billion in US

China turned out to invest billions of dollars into the US economy.

During the last ten years the sum of Chinese investments into the US companies has risen up to $81 billion, according to data compiled by the American Enterprise Institute and the Heritage Foundation.

Fair share of the investments, i.e. $15 billion comes to the energy sector. Finance, real estate, and technology also have the investments supply.

But while Chinese companies are enjoying the benefits of buying up parts of the US companies, they're also taking advantage of their country's "firewall," behind which corporate parents hide when their US subsidiaries misbehave, according to a report of the US - China Economic and Security Review Commission.

As Steve Straehley writes, "even serving Chinese companies with legal papers is challenging, with U.S. subsidiaries denying they have a connection to their Chinese parent companies, forcing those wanting to sue to travel a labyrinthine bureaucratic path to serve papers. If that's accomplished, obtaining evidence from Chinese companies is even more difficult. Some companies even claim immunity from U.S. law".

Pravda.Ru

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