Chinese investment in the United States has plummeted 92% this year
Source: CNN
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.
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Read more: http://money.cnn.com/2018/06/20/investing/chinese-investment-united-states-falls/index.html
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