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After eight years, Macro Polo has ceased operations as the Paulson Institute will focus its independent research on supporting its programs as it continues to diversify its scope.

We appreciate the community that has grown around Macro Polo and the fruitful engagement we’ve had with our legion of smart and sharp audience. You’ve pushed us to deliver even more original work and innovative products. Our body of work speaks for itself, and we hope it will have a long shelf life – that was the intent from MP’s inception.

MP’s website is now archived and no new work will be published henceforth on this site. Please visit www.paulsoninstitute.org for future research and policy work on a range of global issues.

Thank you all for the support over the years, it has been a privilege to have had a home at the Paulson Institute and to have built it the way we did.

- Team Macro Polo

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Investing in America Amid Tensions

First launched in 2017, this product aims to capture the total stock, instead of flow, of Chinese foreign direct investment (FDI), that exists across the United States down to the county level. In this latest edition, we highlight changes from 2017-2021. Despite growing US-China tensions over this period, Chinese FDI in the United States has surprised on the upside.

The default view is the national picture, but toggle through to see how your state fares across several metrics. You can also zoom into the map by swiping two fingers on your mousepad. The color gradient reflects the concentration of FDI-related jobs in various states. Learn more about the product and its methodology here.

Chinese FDI (+/- from 2017)

4,961 entities  (+54%)

Jobs from FDI (+/- from 2017)

446,316 (+2%)

Total Sales (+/- from 2017)

$74,956,671,649 (-36%)

% Greenfields  (2021)

36%

Top 5 States by FDI-related Job Growth  (% since 2017)

  1. Michigan (+63,865 jobs)
  2. Pennsylvania (+39,917 jobs)
  3. Kansas (+13,978 jobs)
  4. Massachusetts (+12,651 jobs)
  5. South Carolina (+4,399 jobs)

Top 5 States by Number of Chinese Entities  ($ sales)

  1. Michigan (127,408 entities)
  2. California (51,027 entities)
  3. Pennsylvania (47,172 entities)
  4. Kentucky (36,322 entities)
  5. Kansas (33,611 entities)

Top 5 Industries by # of Greenfield Entities  (% Greenfield)