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Why the US should welcome FDI from China
Heretical as it sounds, the next administration should seize such an opportunity.
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The US needs to revive its manufacturing sector, grow its green economy and modernise its infrastructure, all of which are areas where China could be a key player, says the writer.
PHOTO: REUTERS
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A self-confessed “heretical prophecy” by the analyst Marko Papic landed in my e-mail inbox recently. Mr Papic is chief strategist at BCA Research, which produces analyses that are widely read by the investment community.
Its title: Trump Will Make A Deal With China. Its bottom line: Threats of US tariffs on China will ultimately induce China to start producing electric vehicles (EVs) and, maybe, several other products as well in the United States, using American workers and developing US supply chains.
