Cross-border investments between US and China drop to lowest level in nearly a decade squib

Investment between the United States and China in the first half of the year dropped to the lowest level in nearly a decade amid escalating political tensions and economic fallout from the Covid-19 pandemic, a new report has found.For the six months ended June 30, total capital deployed through direct and venture capital investments fell to an estimated US$10.9 billion, from US$26 billion at its 2016 peak, according to the report by Rhodium Group and the non-profit National Committee on US…
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