Presidents Joe Biden and Xi Jinping are trying to ease tensions and calm trade fights between the world's top economies. The collapse of a project in the American heartland shows just how deep a chill has set in.
Biden dispatched Secretary of State Antony Blinken for a visit to Beijing and a meeting with Xi last week, and Treasury Secretary Janet Yellen is planning her own visit in July, according to people familiar with the matter.
But Biden’s gestures are accompanied by a souring national mood on China. Underneath the pomp of top-tier visits by US officials, there is growing resentment among ordinary Americans and state and local politicians toward Chinese attempts at US investment. There’s no clearer example of the grassroots shift in sentiment than in Grand Forks, North Dakota, where a failed agricultural complex led to new proposals at both the federal and state level to restrict China-linked development.
The city this year abandoned a project that, just two years earlier, it had aggressively sought as an economic bonanza: a $700 million corn mill that would have risen from rich farmland on the outskirts of the community. The mill faced a groundswell of opposition, especially regarding its owner: a Chinese company, Fufeng Group.
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