Policing of investments will not benefit US
US President Donald Trump signed into law the Foreign Investment Risk Review Modernization Act on Monday, strengthening the authority of the Committee on Foreign Investment in the United States to police proposals of foreign investment on the grounds of national security.
It is widely perceived to be targeting China, since the Trump administration has repeatedly blocked Chinese investment in high-tech industry alleging Chinese investments are a threat and accused Beijing of "unfair" trade and intellectual property practices that cheat the system.
China has consistently denied the accusations and some US tech companies that have operations in China backed its avowals of innocence at a hearing organized by the US Trade Representative in late July, testifying that they had not been forced to transfer their technologies to their Chinese partners as the Trump administration has claimed.
