Chinese investment in the United States has plummeted 92% this year
2018-06-24, 08:57 PM,
#1
Chinese investment in the United States nosedived in the first five months of 2018 amid mounting tensions between the world's two largest economies.
For years, Chinese companies pumped growing amounts of money into the United States, deepening ties between the countries.

But Chinese investment totaled only $1.8 billion between January and May. That's a 92% drop compared to the same period in 2017, and the lowest level in seven years, according to a report released Wednesday by Rhodium Group, a research firm that tracks Chinese foreign investment.

The dramatic decline comes as the fight between Washington and Beijing over trade escalates, and US regulators increase their scrutiny of Chinese acquisitions.

"The more confrontational approach of the Trump administration toward economic relations with China has cast some doubt, in these companies' minds, about their position here," said Thilo Hanemann, a director at Rhodium Group and one of the report's authors.

President Donald Trump has made cracking down on what he calls China's "unfair" trade practices a top priority this year. He's vowed to put tariffs on Chinese products worth at least $50 billion, and indicated he could impose tariffs on goods worth hundreds of billions of dollars more if China does not bow to US demands. China claims the United States has launched a trade war and said it plans to strike back.

Source - http://money.cnn.com/2018/06/20/investin...index.html
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2018-06-24, 09:02 PM,
#2
This is great news. :)
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2018-06-24, 09:06 PM,
#3
so much for that booming economy
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2018-06-24, 09:22 PM,
#4
Inversely, I wonder what the US investment in China looks like from this year...
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2018-06-24, 09:31 PM,
#5
Another Republican recession is coming.
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2018-06-24, 10:11 PM,
#6
Good maybe houses can get a little cheaper
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2018-06-24, 10:49 PM,
#7
Good, it sounds like the real estate laws are working
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2018-06-24, 10:55 PM,
#8
92% less from china and the economy is still BOOMING
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