China's International Investment and the United States

Chinese investment in the United States has grown from less than $1 billion in 2009 to about $13 billion in 2013. China and the United States are in the process of negotiating a bilateral investment treaty (BIT). The two sides have made significant progress, but some difficult issues remain. It is in the interests of both countries to reach a BIT soon. The new BIT will not only benefit China and the United States but will also promote global investment, trade, and economic growth in many other countries. The main purpose of this article is to examine the recent changes in foreign direct investment (FDI) in China and China's outward direct investment (ODI), and to review the bilateral investment relationships between China and the United States. © 2015 Wiley Periodicals, Inc.