Chinese foreign direct investment in the United States totaled $18 billion in the first half of 2016 and is on track to hit another record this year, according to a report from the U.S.-China Economic and Security Review Commission.
Before 2008, China invested only about $500 million annually. Investments began to rise significantly in 2010 when they hit $4.5 billion, increasing nearly every year after that until they hit a record of $15.3 billion in 2015.
“Completed transactions in the first half of the year add up to $18 billion, which puts the U.S. on track for another record year in 2016,” the report says.
Rep. Robert Pittenger (R., N.C.) said he believes that China is on pace to have as much as $40 billion of investments this year.