Testimony posted May 9, 2013 by Derek Scissors, Ph.D.
Chinese Investment in the U.S.: Facts and Motives
Testimony for
The U.S.-China Economic and Security Review Commission
by Derek Scissors
May 9, 2013
Now and for some time to come, the bulk of Chinese investment in the United States will take the form of Treasury bond holdings. Excluding bonds, Chinese investment in the U.S. is a $50 billion issue that could have been a $75 billion issue already and will be a $100…
Lecture posted May 1, 2013 by Honorable Ed Royce
The Enduring Legacy of America’s Commitment to Asia
EDWIN J. FEULNER: I’m Ed Feulner. For the next 13 days, I am the president of The Heritage Foundation. I’m delighted to have with us this morning my successor as the new president of The Heritage Foundation, Senator Jim DeMint. Senator, we are very happy that you are able to join us this morning for our 16th annual B.C. Lee Lecture.
It’s good to see so many friends here,…
Backgrounder posted April 29, 2013 by Bryan Riley
Tariff Reform Needed to Boost the U.S. Economy
Congress routinely engages in targeted, short-term tariff cuts through “miscellaneous tariff bills.” Although conventional wisdom says that unilateral tariff cuts are politically impossible, these bills show that it is possible to reduce tariffs given the right political environment. Proponents of such tariff cuts argue that the cuts support U.S. jobs; critics argue that…
Lecture posted April 1, 2013 by Franklin L. Lavin
Four Issues Facing China
It’s a delight to be here. I enjoy coming by and seeing friends, making new friends, and sharing ideas and insight. I have a terrific job—not just the job itself, which is interesting, but the fact that it’s a China-oriented job, and that it allows me, every time I visit China, to learn and to see and to chat with people. It was certainly interesting to do that in a…
Issue Brief posted February 23, 2013 by Dean Cheng
Chinese Cyber Attacks: Robust Response Needed
After a multi-year investigation, the computer security firm Mandiant announced this week that it had tracked a cyber group back to its Chinese roots.[1] Even more explosive, it had concluded that the group is, in fact, a Chinese military unit, the Second Bureau of the Third Department of the General Staff Department of the Chinese People’s Liberation Army (PLA), with the…
Issue Brief posted February 12, 2013 by Dean Cheng
China’s Xi Jinping’s New Hard Line and the U.S.–Japan Alliance
Two recent speeches by new Chinese leader Xi Jinping have attracted attention, providing the first insights into the views of China’s new leadership. One is focused on China’s internal political situation; the other discusses Chinese foreign policy. In combination, they could indicate the direction of Chinese policy for the next 10 years of Xi Jinping’s tenure as senior…
Issue Brief posted January 28, 2013 by Derek Scissors, Ph.D.
A Better Committee on Foreign Investment in the United States
According to The Heritage Foundation’s China Global Investment Tracker, Chinese non-bond investment in the U.S. set a record in 2012.[1] China has $3.3 trillion in foreign reserves and, like other fast-growing economies, wants to invest more here. Foreign investment and other commerce benefits America, but there are understandable concerns about the loss of advanced…
Issue Brief posted January 18, 2013 by Derek Scissors, Ph.D.
Chinese Growth, GDP, and Other Things the U.S. Should Doubt
The first question regarding China’s newly released economic numbers is not how fast the People’s Republic of China (PRC) grew last year. Rather, it is whether stars are aligned for the State Statistical Bureau (SSB) to provide accurate information about GDP and more useful measures, such as household consumption.
Answer: to some extent. The Chinese economy is undergoing…
Backgrounder posted January 9, 2013 by Derek Scissors, Ph.D.
China’s Global Investment Rises: The U.S. Should Focus on Competition
Chinese outward investment broke records in 2012, both around the world and in the United States. Foreign distrust of state enterprises and other obstacles will serve as a check on the pace of growth, but the willingness to pay top dollar for energy and other assets ensures a higher profile for Chinese firms. The People's Republic of China (PRC) is hardly buying up Latin…
Issue Brief posted November 19, 2012 by Derek Scissors, Ph.D.
Chinese Economic Espionage Is Hurting the Case for Free Trade
Trade and investment with China benefits the U.S. This is evident in choices made by individuals and companies every day to buy Chinese goods and work with Chinese partners. Indeed, American business has been the chief proponent of a sound U.S.–China economic relationship.
The context makes intense Chinese economic espionage all the more regrettable. Chinese entities…