How many American companies are owned by Chinese?

On October 2, 2020, when this table was last updated, there were 217 companies with a total market capitalization of $2.2 trillion. There are eight national-level Chinese state-owned enterprises (SOEs) listed on the three major U.S. exchanges.

Why does America do business with China?

American businesses have profited from China. They benefit from access to the world’s largest market and they’re able to import goods at a lower price than if they were produced domestically. In 2019, before the pandemic, trade with China totaled $634.8 billion, although imports exceeded exports by 289\%.

Can a US company own a factory in China?

No American or European or Australian company (or any other non-Chinese company) can own a Chinese factory directly.

Why does China choose to produce goods for US companies?

One of the reasons companies manufacture their products in China is because of the abundance of lower-wage workers available in the country. China has been accused of artificially depressing the value of its currency in order to keep the price of its goods lower than those produced by U.S. competitors.

Why are Chinese offshore companies?

If the business is seeking to maximise its production, most companies will offshore their manufacturing to China. Companies must innovate on how to have an efficient process flow within their business for them to enhance the quality of their products and services.

Can US companies do business in China?

As a precondition for doing business in China, American and other firms may be subjected to the forced transfer of their technology. In addition, regulations can require foreign investors to partner and set up a joint venture with a Chinese firm before they can do business in China.

How many US companies have been asked to transfer technology to China?

He said that about a fifth of American companies operating in China have been asked to transfer technology to Chinese partners in the past three years. The true figure could be even higher. Surrendering key technologies and intellectual property to Chinese firms is a sensitive topic.

How does the Chinese government limit foreign ownership of a company?

The Chinese government limits foreign ownership to very few selected industry sectors, that can change annually, and requires joint ventures with Chinese corporations for most industry sectors. What is enabling Chinese companies to go on a buying spree of American assets?

Will China’s biggest takeover of a US company hurt the economy?

China recently bought the world’s largest pork producer, Smithfield Foods of Virginia. Reuters This takeover, the largest takeover of a US company by a Chinese firm, represents a precedent that will damage the American economy and cost jobs in the long run. It also may have emboldened China.