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. [Continue reading…]