{"title":"CFIUS 2.0: An Instrument of American Economic Statecraft Targeting China","authors":"Uday Khanapurkar","doi":"10.1177/1868102620906973","DOIUrl":null,"url":null,"abstract":"On 13 August 2018, the president of the United States signed a bill to strengthen the Committee on Foreign Investment in the United States (CFIUS), an interagency executive body responsible for screening foreign investments made in the United States for national security risks. The move is primarily aimed at preventing Chinese firms from exploiting the US open capital markets to acquire technology. While much commentary exists spelling out the changes made to CFIUS by way of the legislation, their focus is largely on the legal and business ramifications of the policy at the firm level. This analysis assesses what CFIUS strengthening portends for the tech ambitions, examines the Chinese state’s response to the move, and observes its relevance to US–China economic decoupling.","PeriodicalId":37907,"journal":{"name":"Journal of Current Chinese Affairs","volume":"1 1","pages":"226 - 240"},"PeriodicalIF":0.0000,"publicationDate":"2019-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"3","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Current Chinese Affairs","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1177/1868102620906973","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"Social Sciences","Score":null,"Total":0}
引用次数: 3
Abstract
On 13 August 2018, the president of the United States signed a bill to strengthen the Committee on Foreign Investment in the United States (CFIUS), an interagency executive body responsible for screening foreign investments made in the United States for national security risks. The move is primarily aimed at preventing Chinese firms from exploiting the US open capital markets to acquire technology. While much commentary exists spelling out the changes made to CFIUS by way of the legislation, their focus is largely on the legal and business ramifications of the policy at the firm level. This analysis assesses what CFIUS strengthening portends for the tech ambitions, examines the Chinese state’s response to the move, and observes its relevance to US–China economic decoupling.
期刊介绍:
The Journal of Current Chinese Affairs is an internationally refereed academic journal published by the GIGA Institute of Asian Studies, Hamburg. The journal focuses on current developments in Greater China. It is simultaneously published (three times per year) online as an Open Access journal and as a printed version with a circulation of 1,000 copies, making it one of the world’s most widely read periodicals on Asian affairs. The Journal of Current Chinese Affairs, unlike some other Open Access publications, does not charge its authors any fee. The Journal of Current Chinese Affairs reaches a broad international readership in academia, administration and business circles. It is devoted to the transfer of scholarly insights to a wide audience. The journal is committed to publishing high-quality, original research on current issues in China in a format and style that is accessible across disciplines and to professionals with an interest in the region. The editors welcome contributions on current affairs within Greater China, including Hong Kong, Macau and Taiwan. Submissions can focus on emerging topics and current developments as well as on future-oriented debates in the fields of China''s global and regional roles; political, economic and social developments including foreign affairs, business, finance, cultural industries, religion, education, science and technology; and so on.