(Nov 17): Foreign direct investment flowing both ways between the US and China may be two to four times greater than shown by data from both governments.

That’s according to a Rhodium Group analysis of deals from 1990 to 2015 released in a joint report with the National Committee on US-China Relations.

Nearly 6,700 US investments in China over that quarter century have a combined value of US$228 billion, Rhodium found, far beyond the US$75 billion US Department of Commerce estimate or the US$70 billion from China’s Ministry of Commerce. China’s 1,200 transactions over those years come to a combined value of US$64 billion, eclipsing Mofcom’s US$41 billion tally and the US$15 billion to US$21 billion range from the Commerce Department.

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