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Report: Chinese Investment in US Drops to Lowest Level Since 2009

Jingxun Li

   Chinese investment in the U.S. in 2019 dropped to its lowest level in a
   decade, a new report estimates, reflecting trade tensions between the
   world's top two economies even before the coronavirus pandemic took
   hold.

   The U.S.-China "Phase One" trade agreement had paved the way for more
   investment this year, but the COVID-19 pandemic has changed that
   outlook, said the report released Monday by the independent Rhodium
   Group and the National Committee on United States-China Relations.

   In the past year, Chinese direct investment has been flowing to the
   U.S. on average of about $2 billion every three months. The group said
   that figure plummeted to $200 million in the first quarter of 2020,
   which is almost a complete halt. A recovery is likely in the second
   half of the year, but the full-year numbers are expected to show the
   impact of the coronavirus pandemic.

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