Studies show US companies not leaving China in droves, but China companies investing less in US
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Workers produce desks for export at a factory in Nantong in China's eastern Jiangsu province, on Sept 4, 2019.
PHOTO: AFP
WASHINGTON - 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 (Sept 9) 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.
