Investment Between China and the US Fell to Lowest Level in a Decade in First Half of 2020, says ResearchAndMarkets.com
ResearchAndMarkets.com has published a new article on the investment industry which has revealed that investment between China and the US fell to their lowest level in almost a decade in the first half of 2020, as the Covid-19 pandemic is accelerating a process already underway between the two nations.
The new article is titled “US-China Tensions Create New Investment Openings”, as announced by ResearchAndMarkets.com in a press release.
According to a report from Rhodium Group and the National Committee on US-China Relations, capital flows between the two countries fell to USD10.9 billion in the first six months of 2020.
A former Chinese commerce minister told CNBC in September 2020 that a complete decoupling of the two economies is almost impossible, but a partial separation is already underway, as the US government restricted Huawei's access to technology over security concerns, threatened to ban the social media platform TikTok over its gathering personal information on US citizens, and made it more difficult for Chinese tech firms to operate in the US. There has, however, been an increase in foreign direct investments in the Chinese market, suggesting opportunities for growth that non-US companies could use to their advantage.
More information on the report can be found HERE.