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China is a major U.S. trading partner and its largest foreign creditor, but Chinese direct investment into the U.S. remains comparatively small, although May saw the biggest takeover of a U.S. company by a Chinese one to date, with Dalian Wanda Group Co. planned purchase of movie chain AMC Entertainment Holdings for $2.6 billion. Donohue partly attributed the relatively low level of Chinese investment to suspicion of the U.S. screening process, which has seen some deals rejected on national security grounds. Also, both Republicans and Democrats in Congress have voiced concern over Chinese technology firms like Huawei Technologies Ltd. and ZTE Corp. operating in the U.S. Donohue said the chamber has sought to allay Chinese concerns and show that security screening has affected only a few investors. "If they want to buy Lockheed Martin or Boeing, it ain't happening, and they know that. Everyone knows that," Donohue said, adding there are, however, some 16,000 thousand public companies that Chinese could invest in. He likened American worries over the impact of potential Chinese investment with those directed at Japan during its boom in the 1980s
-- when many here also feared the economy could be eclipsed by an emerging Asian rival.
[Associated
Press;
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