Particle.news

Download on the App Store

US States Face Backlash Over Incentives to Chinese Companies

Local opposition and national security concerns challenge economic deals with China.

Image
Smithfield Foods, Chinese owned
Image

Overview

  • Chinese investments in the US have sparked local and national resistance due to security and ethical concerns.
  • Governors have offered substantial tax incentives to attract Chinese businesses, leading to community protests and lawsuits.
  • Federal warnings highlight the risks of dependency and espionage linked to Chinese firms operating in the US.
  • The controversy affects major projects like Gotion's lithium-ion battery plant in Michigan and other Chinese ventures.
  • Economic and political tensions between the US and China complicate the future of these investments.