Chinese Foreign Investment

As the Biden administration and Congress are debating and forming new China-related policies at the federal level, including policies on outbound investment to China and on government procurement, the stances of individual states on trade and investment with China are playing a bigger role these days and deserve greater attention.

Members of Congress in both the House and the Senate have introduced legislation to block China and other adversaries from purchasing land near U.S. military bases.

The year-long saga over a Chinese investment in Grand Forks, North Dakota has come to an end, as the Grand Forks City Council has rejected the Chinese company's land purchase there.

A Republican Senator is calling for a Committee on Foreign Investment in the United States (CFIUS) review of the licensing agreement between Ford Motor Company and Chinese company Contemporary Amperex Technology Co. Limited (CATL) that was signed earlier this week.

After Virginia abandoned its efforts to lure an investment by Ford to open a battery plant that would have licensed technology from Chinese company CATL, Michigan announced that it had reached an incentive agreement with Ford that would bring the factory there.

The U.S. House of Representatives Financial Services Committee held a hearing yesterday on "Combatting the Economic Threat from China." Issues that were discussed at the hearing included: bilateral trade, outbound and inbound investment related to China, Chinese lending, TikTok, and China's presence in Latin American and African countries.

A group of Republicans in the U.S. House of Representatives has put forward a new effort to restrict farmland purchases associated with the Chinese government, following a number of other similar legislative efforts.