Raising the Drawbridge

From headline-grabbing acquisitions to bold venture capital bets, Chinese money began pouring into the U. S. soon after the Global Financial Crisis. The Obama administration welcomed new growth drivers as key to economic recovery. But just years later, Congress passed the most sweeping overhaul of U. S. investment rules in half a century-aimed squarely at China.

This book tells the story of that remarkable pivot: how cautious optimism gave way to suspicion, how "decoupling" and "derisking" entered the political lexicon, and why these years hold the key to understanding today's sharper, more guarded U. S. approach to interdependence with China.

Drawing on first-hand interviews with administration officials, congressional staff, and the lawyers, lobbyists, and labor activists involved in raising the drawbridge to Chinese investment in the United States, it's essential reading for anyone seeking to understand the forces reshaping global business, finance, and geopolitics and the 21^st century's most important bilateral relationship.

Chapter 1: Introduction: Colder Shoulder. - Chapter 2: Setting the Scene: U. S. Investment Relations with China, 1970-2018. - Chapter 3: From Ford to FIRRMA: U. S. Foreign Investment Screening Since the 1970s. - Chapter 4: Reversed Expectations: Shifting U. S. Perceptions of China. - Chapter 5: Going Quiet: American Business and U. S. -China Relations. - Chapter 6: Getting FIRRMA Past the Finish Line. - Chapter 7: Conclusion.