© Lucas Jackson / Reuters
RT: China cuts US investments by 92% amid escalating trade war
The US market saw a significant plunge in investment from China in the first five months of the year amid a growing trade row between the world's two largest economies.
Chinese investments totaled $1.8 billion from January through May, representing a 92-percent drop against the same period a year ago. That’s the lowest level in seven years, according to the latest report by Rhodium Group, a research provider that tracks Chinese foreign investment.
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WNU Editor: I suspect the same can be said about U.S. investments in China.
2 comments:
Such fools, it's incredible they manage to run a country.
OK so China cutting its investments is freaking awesome. This way we have less spying and less Chinese extortion in the US ..plus the US market is rocking,which means less profits for China haha they don't think it through do they? And there's so many people who want to invest in the new American economy. I moved -all- my money out of China almost three weeks ago. ...this is heading to a totalitarian System so fast over there, if you keep your money in China now you're mental
Well, if China fear a real war, that's logical. That said this is message which making US and EU investment in China worse. The trade war will be long and with Western casualties, as any war, but China just cannot win. The domestic consequence in China could be the end of the communist party.
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