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China for the period from January to May 2018 reduced investment in the US by 92%, or 12.5 times, to 1 billion 800 million dollars. The outflow of Chinese capital, taking into account the sale of assets of Chinese companies in the US, amounted to 7 billion 800 million dollars, according to a report of Rhodium Group. The investment was adversely affected by the increased tension in China's relations with the US, as well as the Chinese leadership's desire to limit the withdrawal of capital from the PRC and reduce the debt burden of companies. Last year, the volume of transactions involving Chinese companies in the US fell to $29 billion from $46 billion a year earlier. In 2017, the number of unfinished and discussed deals with the participation of Chinese investors also decreased.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
The dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall economic recovery. The dollar fell to a four-month low on the yen ...
Oil prices rose on Friday as the dollar dropped to a near two-year low, but demand worries amid rising coronavirus cases and the worsening U.S.-China tensions capped gains. Brent crude gained 0.4%, or 15 cents, at $43.46 per barrel. U.S. West ...
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