Chinese, US firms reacting differently to trade war: Studies

Workers produce desks for export at a factory in Nantong in China's eastern Jiangsu province, on Sept 4, 2019.
Workers produce desks for export at a factory in Nantong in China's eastern Jiangsu province, on Sept 4, 2019.PHOTO: AFP

Chinese firms investing less in US, American companies still ploughing money into China

Chinese companies are investing less in the United States but American firms are continuing to plough money into China, according to two research papers released on Monday that show how companies in the two superpowers are responding differently to the trade war.

It has not dampened foreign direct investment into China, Peterson Institute for International Economics (PIIE) senior fellow Nicholas Lardy concluded in his analysis of Chinese Commerce Ministry data.

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A version of this article appeared in the print edition of The Straits Times on September 11, 2019, with the headline 'Chinese, US firms reacting differently to trade war: Studies'. Print Edition | Subscribe