According to The Wall Street Journal, "China became the world's top destination for foreign investment in 2014, edging the U.S. out of the top position for the first time since 2003, according to figures released Thursday by the United Nations Conference on Trade and Development. China's elevation is part of a longer-term switch in foreign investment toward developing and away from developed economies. While investment in developing economies rose 4% in 2014, investment in developed economies fell by 14%...China has been threatening to overtake the U.S. for a number of years as its economy has grown rapidly to become the world's second largest." 

Reuters writes, "U.S. technology companies in China are forming alliances with domestic firms, hoping that having a local partner will make it easier to operate in the increasingly tough environment for foreign businesses in the world's second-biggest economy. China's government has been openly pushing for the use of more Chinese and less foreign-made technology, both to grow its own tech sector and as a response to former U.S. National Security Agency contractor Edward Snowden's leaks about widespread U.S. cyber surveillance. Simmering tensions over the issue spilled into public view on Wednesday, when U.S. business lobbies urged Beijing to postpone implementing new policies to make China's finance sector more dependent on domestic technology." 

"The Pentagon put on hold an effort to expand defense ties with China, saying it wouldn't agree to a major new military exchange until the two countries can agree on rules for airborne encounters between their warplanes. The delay, which doesn't affect existing military-to-military exchanges, reflects concerns among some U.S. politicians and military officials that an expansion of defense ties with Beijing over the past 18 months hasn't stopped China from trying to enforce its territorial claims in Asia. Top U.S. and Chinese naval officials had proposed the U.S. send an aircraft carrier on a visit to China, but Pentagon officials have deferred any decision until work on an air-intercepts agreement is complete, officials said," writes The Wall Street Journal.