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US investors should be told of China exposure risks, says congressional advisory panel
- The recommendation is among 30 non-binding proposals in a new report by the US-China Economic and Security Review Commission
- Despite a series of high-level meetings, the ‘new normal’ between US and China is one of ‘continuing, long-term strategic and systemic competition’, says report
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Bochen Hanin Washington
Congress should consider establishing a framework to compel disclosures from publicly traded American companies so investors are aware of exposure risks to China, a US advisory panel on China policy said on Tuesday.
In a sweeping annual report comprising 30 recommendations and covering nearly every aspect of the bilateral relationship, the US-China Economic and Security Review Commission also called on lawmakers to establish a “risk matrix” to evaluate the national security threat posed by electronic goods imported from China.
The bipartisan panel also urged Congress to bring the Taiwanese military to the US and train them on weapons systems that have been ordered but not yet delivered to Taipei.
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The 753-page report comes as Beijing and Washington have resumed in-person high-level talks in a bid to smooth relations. It also was released one day before US President Joe Biden and Chinese leader Xi Jinping meet in San Francisco for the second time since Biden took office in January 2021.
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The commission criticised the flurry of meetings in the past year for not having resulted in “any significant change of course” by Beijing.
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