China's investment in US drops to lowest since 2009 recessionChinese direct investment in the United States virtually vanished — to US$200 million — from January-March. China’s direct investment in the United States fell last year to its lowest level since the Great Recession, even before the coronavirus pandemic shut down much of global commerce. The decline in Beijing’s investment in the United States reflected tensions between the world’s two biggest economies and Chinese government restrictions on overseas investment. Direct investment includes mergers, acquisitions and investments in things like offices and factories but not financial investments like purchases of stocks and bonds. Two-way investment between the United States and China fell to a seven-year low, the report found.

Source: The Standard May 11, 2020 04:52 UTC