New House Panel on China to Scrutinize US Investments in Country
- Committee chairman Mike Gallagher sees bipartisan approach
- He says panel’s focus will be on US investments in China
Representative Mike Gallagher
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
The chairman of a new congressional committee on China says he plans to focus scrutiny on US investments in the country, amid broader concerns about the threat of economic warfare between the world’s two biggest financial powers.
“If the story of the last five-ish years was enhanced scrutiny of Chinese investment in the US, the next phase of this is going to be enhanced scrutiny of outbound US investment into Communist China,” said Representative Mike Gallagher, the Wisconsin Republican who has been tapped to head the House Select Committee on China.