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The Chinese government has directed its Anshan Iron and Steel Group to directly invest in the United States. On May 17, 2010, the company announced a joint venture with Steel Development Co. of Amory, Miss., to build up to five new steel plants in the United States. "Anshan's investment in SDC is the direct result of China's industrial policies," notes Wiley Rein. The 100-percent state-owned enterprise became China's fourth largest steel producer "through government mandated mergers and the receipt of massive government subsidies." China's 2009 "Revitalization Plan," "explicitly identifies Anshan as a recipient of extensive government support in order to strengthen its international competitiveness and to assist Anshan in acquiring strategic resources and establishing operations abroad. . . Anshan is now investing in the U.S. steel market, with the full force and encouragement of the Chinese government." China is stepping up its global strategy. China's government said it invested $43.3 billion overseas in 2009. Through June 2010, overseas investment had reached $55.2 billion. The OECD says these figures are "substantially" underestimated. Chinese foreign mergers and acquisitions have increased by more than 50 percent in the first half of 2010, according to report from China Daily Online. "Chinese investment into the United States jumped 360 percent in the first half of 2010 compared to the same period last year," according to the Wiley Rein report. "In 2009, Chinese enterprises announced new direct investment in the United States of approximately $5 billion, up from $500 million in 2008, and despite a significant global downturn in such investments. Moreover, Chinese firms acquired or announced that they were starting more than 50 U.S. companies in 2009."

hese complex arrangements indicate that China’s expansion of overseas-energy assets is a long term goal and that it is increasingly interested in securing Chinese outward investments from its international partners.

Google reported in January 2010 that its computer infrastructure in China had been hit by a "highly sophisticated" attack that resulted in the theft of company secrets. Google also said it had evidence that a goal of the attackers was to gain access to the Gmail accounts of Chinese human-rights activists.

At the time, the company did not blame the Chinese government for the intrusion. But shortly thereafter, a U.S. diplomat in Beijing confidentially cabled Washington that "a well placed contact" was claiming the Google attack had been "coordinated" by the Chinese government "at the Politburo Standing Committee level."

plan to build a steel plant in the US partly funded by one of China’s biggest steel companies has hit out at his critics, saying that objections to the scheme are a “ploy” by established US companies to block fair competition.

John Correnti, chief executive and part owner of Steel Development, which intends to construct a $168m plant in Amory, Mississippi, with the aid of investment by state-owned Anshan Iron & Steel, dismissed as “ludicrous” a claim by a group of US congressmen that the involvement of a Chinese company could potentially damage US national security.

Mr Correnti’s project in Mississippi – which he says is part of a bigger $2bn scheme to build a total of four steel plants in undisclosed locations US-wide – comes at a difficult time for the country’s steel industry which was severely affected by the 2008-09 economic crisis and is recovering only slowly.

For example, U.S. national policy makers have worked to make sure sensitive military and defense technology and production remain with American companies.

After 9/11, concerns grew that foreign ownership of U.S. infrastructure could increase our vulnerability to terrorist attacks. One example is the heated debate triggered by the 2006 purchase of a company that ran U.S. ports by the United Arab Emirates-owned company Dubai Ports World. (Dubai Ports eventually sold its interests to a U.S. company.) More recently, globalization of the nuclear industry and the weak U.S. economy have attracted significant levels of foreign investment in the U.S. nuclear industry

The Atomic Energy Act prohibits the NRC from issuing a license to any entity that the Commission believes is “owned, controlled or dominated by an alien, a foreign corporation or foreign government.” Broadly speaking, the foreign ownership prohibition protects the “common defense and security” of the United States, even though this may prevent some nations from participating in U.S. nuclear joint ventures.

COALITION OF CITIZENS, POLITICIANS AND ENVIRONMENTALISTS BATTLE ALCOA TO RETURN THE YADKIN RIVER TO THE PEOPLE

“The conservation of our natural resources and their proper use constitute the fundamental problem which underlies almost every other problem of our national life,” Roosevelt told Congress in 1907.

Naujoks referred to Teddy Roosevelt’s well known opposition to corporate monopolies and his firm belief the nation’s natural resources belong to the people. Naujoks cited Roosevelt’s philosophy to highlight the disparity between the legendary president’s philosophy and FERC’s policies

Immelt said “certainty of demand” is required to spur hiring.

Immelt said that the “government in the U.S. has always been a catalyst to drive growth. This is not President Obama versus President Bush: The [National Institute of Health] has been a catalyst for the world’s best healthcare system. The Defense Department spawned… the Internet and modern transportation technology for generations. The nuclear industry was built [by] the Defense Department.”

Infrastructure is a facilitator of competitiveness and productivity… whether it’s broadband or highways or ports or electricity grids

That's called social engineering and it's a widely used technique, especially by Chinese hackers.

ou say Chinese hackers and there's been a lot of reports about cyber espionage stemming from China. What's going on here? GJELTEN: You know, Lynn, all the cyber security people we talked to say there's just a ton of cyber espionage coming out of China these days. Hackers are stealing technological secrets, trade secrets, computer code, design plans, you name it. The security people say it's like a vacuum cleaner approach. They just suck up everything they find.

But what's behind this is that China wants to catch up to the west. Now, they don't have the business environment to support innovation. You don't see the Chinese equivalent of companies like IBM or Google or Apple popping up there, so rather than develop their own ideas and technology, they just steal it. That's the background here. At least, that's what we hear from U.S. intelligence officials and security people. NEARY: And the Chinese government's not acknowledging any role in this attack on the chamber of commerce? GJELTEN: They say there's no evidence, but cyber security people who have investigated other intrusions blamed on China say it's pretty easy to tie them back there and it's hard to see how the government would not be involved in some way, given the way China works. Chamber officials say they have no doubt that this intrusion did come from China.

China publicly for hacking American industries

but Chinese hackers have even broken into and stolen plans from American furniture manufacturers.