HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Chinese Money in the U.S....

Sun Jul 21, 2019, 09:13 AM

Chinese Money in the U.S. Dries Up as Trade War Drags On


By Alan Rappeport
July 21, 2019

WASHINGTON — Growing distrust between the United States and China has slowed the once steady flow of Chinese cash into America, with Chinese investment plummeting by nearly 90 percent since President Trump took office.

The falloff, which is being felt broadly across the economy, stems from tougher regulatory scrutiny in the United States and a less hospitable climate toward Chinese investment, as well Beijing’s tightened limits on foreign spending. It is affecting a range of industries including Silicon Valley start-ups, the Manhattan real estate market and state governments that spent years wooing Chinese investment, underscoring how the world’s two largest economies are beginning to decouple after years of increasing integration.

“The fact that the foreign direct investment has fallen so sharply is symbolic of how badly the economic relationship between the United States and China has deteriorated,” said Eswar Prasad, former head of the International Monetary Fund’s China division. “The U.S. doesn’t trust the Chinese, and China doesn’t trust the U.S.”

For years, Chinese investment into the United States had been accelerating, with money pouring into autos, tech, energy and agriculture and fueling new jobs in Michigan, South Carolina, Missouri, Texas and other states. As China’s economy boomed, state and local governments along with American companies looked to snap up some of those Chinese funds.

But Mr. Trump’s economic Cold War has helped reverse that trend.

more
https://www.nytimes.com/2019/07/21/us/politics/china-investment-trade-war.html?emc=rss&partner=rss

1 replies, 797 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 1 replies Author Time Post
Reply Chinese Money in the U.S. Dries Up as Trade War Drags On (Original post)
DonViejo Jul 2019 OP
marble falls Jul 2019 #1

Response to DonViejo (Original post)

Sun Jul 21, 2019, 09:42 AM

1. Who did he think was buying our debt in T-notes? They're selling us short now ...

thanks a whole hell of a lot, Donnie.

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread