US-China investment ties deeper than thought

Foreign direct investment flowing both ways between the US and China may be two to four times greater than shown by data from both governments, according to a Rhodium Group analysis of deals from 1990 to 2015 released in a joint report with the National Committee on US-China Relations. Nearly 6,700 US investments in China over that quarter century have a combined value of US$228 billion, Rhodium found, far beyond the $75 billion US Department of Commerce estimate or the $70 billion from China’s Ministry of Commerce, the South China Morning Post reports.  China’s 1,200 transactions over those years come to a combined value of $64 billion, eclipsing Mofcom’s $41 billion tally and the $15 billion to $21 billion range from the Commerce Department. Last year, Chinese companies invested more in the US than American companies in China for the first time.