The United States and China are at a turning point in their economic relationship. In the past, foreign direct investment (FDI) flowed predominantly from the “developed world†to the “developing world,†from countries such as the United States to those like China. Now,...

The United States and China are at a turning point in their investment relationship. China’s previous investments in the US were predominantly in government securities, while other holdings were negligible. Recently, the accumulation of treasury securities has slowed and direct...