Goldman Sachs’s China Deal Prompts Questions About Country’s U.S. Investment
- 6 years ago
Goldman Sachs’s China Deal Prompts Questions About Country’s U.S. Investment
That deal — between Goldman Sachs and China’s sovereign wealth fund, the China Investment Corporation — illustrates the deep divisions in Washington over China’s trade
and investment practices, as well as the complexities of policing the flow of Chinese money into the United States.
On Wednesday, a week after some Trump administration officials praised the deal as one of many
that would help American businesses, a congressional commission recommended that lawmakers consider prohibiting entirely the acquisition of United States assets by Chinese state-owned entities — a move that could stop buyers like C. I.C.
The $5 billion deal was among a package of more $250 billion in business pacts
that the Trump administration announced last week during Mr. Trump’s visit with President Xi Jinping of China.
That deal — between Goldman Sachs and China’s sovereign wealth fund, the China Investment Corporation — illustrates the deep divisions in Washington over China’s trade
and investment practices, as well as the complexities of policing the flow of Chinese money into the United States.
On Wednesday, a week after some Trump administration officials praised the deal as one of many
that would help American businesses, a congressional commission recommended that lawmakers consider prohibiting entirely the acquisition of United States assets by Chinese state-owned entities — a move that could stop buyers like C. I.C.
The $5 billion deal was among a package of more $250 billion in business pacts
that the Trump administration announced last week during Mr. Trump’s visit with President Xi Jinping of China.