Editor’s Note: The following is an excerpt from an article by Erica Downs that originally appeared on the Foreign Policy website. Read the full article »
Chinese investments in North America often come under intense scrutiny. After a roughly 18-month investigation, the U.S. House Intelligence Committee warned in a report this week that the Chinese companies Huawei and ZTE, the world’s second- and fourth-largest telecommunications-equipment suppliers, respectively, “could undermine core U.S. national-security interests” and recommended that the Committee on Foreign Investment in the United States (CFIUS) block mergers or acquisitions involving Huawei and ZTE. In late September, based on CFIUS’s recommendation, President Barack Obama blocked the sale of four Oregon wind farms to Chinese-owned Ralls Corp. in only the second time a sitting U.S. president has prohibited a foreign transaction. Given that CFIUS is currently assessing the national security risks of CNOOC’s proposed acquisition — a process that should take six weeks — company executives in Beijing are likely paying rapt attention.
I think they'd [Modi and Trump] also like to see perhaps the establishment of a dialogue mechanism to sort out problems on the trade and investment side and on the India's side the immigration. So, may be create a kind of economic dialogue that then can solve some of these problems and I think they would like to see few deals come down the line and we might see one drone purchase deal.