Chinese investment lowest in US since 2009 But Coronavirus is not the reason
China's direct investment in the United States fell last year to its lowest level since the Great Recession, even before the coronavirus pandemic shut down much of global commerce.
The decline in Beijing's investment in the United States reflected tensions between the world's two biggest economies and Chinese government restrictions on overseas investment.
A report out Monday from the National Committee on US-China Relations and the Rhodium Group consultancy found that China's direct investment in the US dropped from USD 5.4 billion in 2018 to USD 5 billion last year, the lowest level since the recession year of 2009.
Direct investment includes mergers, acquisitions and investments in things like offices and factories but not financial investments like purchases of stocks and bon...