US envoy seeks Chinese backers for key projects
<p><span word="Download">Download</span></p><p><span word="US">US</span> <span word="Ambassador">Ambassador</span> <span word="to">to</span> <span word="China">China</span> <span word="Max">Max</span> <span word="Baucus">Baucus</span> <span word="attempted">attempted</span> <span word="to">to</span> <span word="woo">woo</span> <span word="Chinese">Chinese</span> <span word="investors">investors</span> <span word="on">on</span> <span word="Monday">Monday</span> <span word="with">with</span> <span word="his">his</span> <span word="country">country</span>'<span word="s">s</span> <span word="infrastructure">infrastructure</span> <span word="projects">projects</span>.</p><p><span word="The">The</span> <span word="envoy">envoy</span> <span word="said">said</span> <span word="that">that</span> <span word="apart">apart</span> <span word="from">from</span> <span word="a">a</span> <span word="few">few</span> <span word="high">high</span>-<span word="profile">profile</span> <span word="rejections">rejections</span>, <span word="most">most</span> <span word="foreign">foreign</span> <span word="investment">investment</span> <span word="projects">projects</span> <span word="in">in</span> <span word="the">the</span> <span word="US">US</span> <span word="received">received</span> <span word="approval">approval</span>.</p><p><span word="The">The</span> <span word="Committee">Committee</span> <span word="on">on</span> <span word="Foreign">Foreign</span> <span word="Investment">Investment</span> <span word="in">in</span> <span word="the">the</span> <span word="United">United</span> <span word="States">States</span> "<span word="is">is</span> <span word="not">not</span> <span word="nearly">nearly</span> <span word="the">the</span> <span word="problem">problem</span> <span word="that">that</span> <span word="some">some</span> <span word="people">people</span> <span word="think">think</span>", <span word="Baucus">Baucus</span> <span word="said">said</span> <span word="at">at</span> <span word="a">a</span> <span word="US">US</span> <span word="embassy">embassy</span> <span word="forum">forum</span> <span word="in">in</span> <span word="Beijing">Beijing</span>.</p><p>"<span word="I">I</span> <span word="know">know</span> <span word="politically">politically</span> <span word="that">that</span> <span word="sometimes">sometimes</span> <span word="it">it</span>'<span word="s">s</span> <span word="used">used</span>, <span word="but">but</span> <span word="we">we</span> <span word="have">have</span> <span word="to">to</span> <span word="cut">cut</span> <span word="through">through</span> <span word="the">the</span> <span word="politics">politics</span> <span word="and">and</span> <span word="get">get</span> <span word="down">down</span> <span word="to">to</span> <span word="the">the</span> <span word="economics">economics</span> <span word="and">and</span> <span word="I">I</span> <span word="can">can</span> <span word="tell">tell</span> <span word="you">you</span> <span word="it">it</span> <span word="is">is</span> <span word="not">not</span> <span word="an">an</span> <span word="issue">issue</span>.”</p><p><span word="The">The</span> <span word="committee">committee</span> <span word="has">has</span> <span word="been">been</span> <span word="regarded">regarded</span> <span word="as">as</span> <span word="a">a</span> <span word="major">major</span> <span word="hurdle">hurdle</span> <span word="to">to</span> <span word="Chinese">Chinese</span> <span word="investment">investment</span> <span word="in">in</span> <span word="the">the</span> <span word="US">US</span>,<span word="as">as</span> <span word="it">it</span> <span word="has">has</span> <span word="cited">cited</span> <span word="national">national</span> <span word="security">security</span> <span word="concerns">concerns</span> <span word="to">to</span> <span word="block">block</span> <span word="some">some</span> <span word="large">large</span> <span word="projects">projects</span> <span word="from">from</span> <span word="China">China</span>.</p><p><span word="Investigations">Investigations</span> <span word="by">by</span> <span word="the">the</span> <span word="committee">committee</span> <span word="led">led</span> <span word="to">to</span> <span word="telecommunications">telecommunications</span> <span word="equipment">equipment</span> <span word="giant">giant</span> <span word="Huawei">Huawei</span> <span word="withdrawing">withdrawing</span> <span word="from">from</span> <span word="a">a</span> $2.2 <span word="billion">billion</span> <span word="deal">deal</span> <span word="in">in</span> 2007 <span word="to">to</span> <span word="take">take</span> <span word="over">over</span> <span word="US">US</span> <span word="networking">networking</span> <span word="equipment">equipment</span> <span word="maker">maker</span> 3<span word="Com">Com</span> <span word="and">and</span> <span word="from">from</span> <span word="a">a</span> $2 <span word="million">million</span> <span word="technology">technology</span> <span word="purchase">purchase</span> <span word="from">from</span> 3<span word="Leaf">Leaf</span> <span word="Systems">Systems</span> <span word="in">in</span> 2010.</p><p><span word="Baucus">Baucus</span> <span word="repeated">repeated</span> <span word="the">the</span> <span word="assurance">assurance</span> <span word="made">made</span> <span word="by">by</span> <span word="many">many</span> <span word="US">US</span> <span word="officials">officials</span> <span word="that">that</span> <span word="most">most</span> <span word="foreign">foreign</span> <span word="investment">investment</span> <span word="approvals">approvals</span> <span word="did">did</span> <span word="not">not</span> <span word="go">go</span> <span word="to">to</span> <span word="the">the</span> <span word="committee">committee</span>.</p><p><span word="A">A</span> <span word="report">report</span>, <span word="commissioned">commissioned</span> <span word="by">by</span> <span word="the">the</span> <span word="US">US</span> <span word="Chamber">Chamber</span> <span word="of">of</span> <span word="Commerce">Commerce</span> <span word="and">and</span> <span word="completed">completed</span> <span word="by">by</span> <span word="law">law</span> <span word="firm">firm</span> <span word="Covington">Covington</span> & <span word="Burling">Burling</span> <span word="and">and</span> <span word="other">other</span> <span word="firms">firms</span>, <span word="said">said</span> <span word="that">that</span> <span word="at">at</span> <span word="least">least</span> $8 <span word="trillion">trillion</span> <span word="in">in</span> <span word="new">new</span> <span word="investment">investment</span> <span word="would">would</span> <span word="probably">probably</span> <span word="be">be</span> <span word="needed">needed</span> <span word="in">in</span> <span word="US">US</span> <span word="transportation">transportation</span>, <span word="energy">energy</span> <span word="and">and</span> <span word="wastewater">wastewater</span> <span word="and">and</span> <span word="drinking">drinking</span> <span word="water">water</span> <span word="infrastructure">infrastructure</span> <span word="from">from</span> 2013 <span word="to">to</span> 2030, <span word="totaling">totaling</span> $455 <span word="billion">billion</span> <span word="annually">annually</span>.</p>
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