Chinese controlled firms employed 141,000 Americans at the end of last year, a 46% increase over 2015 according to new research published on Tuesday. The new figures, released by the Rhodium Group, highlight the increasing interdependence of the world’s two largest economies at a time when trade frictions are growing. Earlier this month US President Donald Trump and his US counterpart, Xi Jinping, launched a new round of trade talks aimed at reducing bilateral imbalances. The Trump administration wants to reduce America’s $347bn trade deficit in goods with China. The surge in US employment by Chinese controlled firms follows an unprecedented buying spree in 2016. According to the Financial Times, last year Chinese investment in the US more than tripled to $46bn.
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