The U.S. has roughly $1.9 trillion invested in Chinese stocks and another trillion in bonds. These figures are roughly the size of China’s foreign reserve and could easily pay the bill for China’s Belt and Road Initiative. However, a large portion of these Chinese companies pose national security concerns, contribute to human rights abuses and engage in fraudulent practices. What does this mean to America? How significant is its impact? What will happen if nothing is done about it? My interview with Roger Robinson, Senior Director of International Economic Affairs at the National Security Council during the Reagan administration who later served as chairman of the Congressional U.S.–China Economic and Security Review Commission. He is the one who brought this issue to light.
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