mo4ch:>Chinese investment in US plunges 83% amid simmering trade war | Mo4ch News
Chinese investments in North America and Europe fell by 73 percent last year as a result of tightened US scrutiny of foreign takeover deals and Beijing’s restrictions on outbound investments.Data from law firm Baker & McKenzie showed that Chinese foreign direct investment (FDI) flows into the United States have also turned negative, falling to the lowest in seven years. Chinese investments in the US fell by 83 percent, while growing by 80 percent in Canada.Last year, Chinese companies completed just $4.8 billion in new business acquisitions and investments in the US, down 84 percent from $29 billion in 2017 and 90 percent from $46 billion in 2016.Also on rt.comUS-China trade war could create winners in Southeast Asia – reportWith the $13 billion in US asset sales by Chinese companies, net Chinese investment in the United States dropped by $8 billion in 2018.Rhodium Group consultancy warned on Monday the pressures would persist this year, adding that the “dark cloud over US-China r…