Home / Latest News / Advisory Panel: Chinese Investment in US Could Be Seen As ‘Trojan Horse’

Advisory Panel: Chinese Investment in US Could Be Seen As ‘Trojan Horse’

Chinese-owned firms in the U.S. added between 10,000 and 20,000 workers in the past five years and helped shore up some financially troubled U.S. firms, a congressional advisory panel said in a study released Wednesday.

Reuters reports the U.S.-China Economic and Security Review Commission found the investments to be largely driven through subsidies given to state-owned enterprises, often resulting in market distortions.

These investments could be seen by some as a potential Trojan Horse on the U.S. economy, the study said, according to Reuters.

The report says private economists estimated Chinese direct investment in the U.S. to be nearly $30 billion through the end of 2011.

This study, conducted by Capital Trade Inc., comes nearly a month after the House Intelligence Committee recommended the U.S. government not purchase equipment from Chinese telecom firm Huawei, raising concerns the firm’s equipment could be used for espionage.

Check Also

Air Force Schedules Phase Two of Light-Attack Experiment; David Goldfein Comments

The U.S. Air Force will initiate the second phase of its light-attack experiment, focusing on …

Leave a Reply

Your email address will not be published. Required fields are marked *