As China Invests, U.S. Could Lose

The New York Times looks at a new report commissioned by Asia Society in New York and the Woodrow Wilson Center for International Scholars on China’s overseas investment and whether or not the U.S. will be a recipient:

Flush with from its enormous surpluses and armed with the world’s largest foreign exchange reserves, China has begun spreading its newfound riches to every corner of the world — whether copper mines in Africa, iron ore facilities in Australia or even a gas shale project in the heart of Texas.

The study, commissioned by the Asia in New York and the Woodrow Wilson Center for International Scholars in Washington, forecasts that over the next decade China could invest as much as $2 trillion in overseas companies, plants or property, money that could help reinvigorate growth in the and .

But the report, to be released at a Washington conference that Commerce Secretary Gary Locke plans to attend, also warns that the United States risks missing out on a large share of the Chinese boom because of , a growing rivalry between the two nations and deep-seated perceptions that Chinese are unwelcome in America.

The full report can be viewed via the New York Times website.

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