In the News: Decline in US Outbound; New Rules for Foreign Banks, Insurers; and Tencent's Game Licence Failure

Chinese foreign direct investment into the United States dropped for the second straight year in 2018, falling 83% to $5 billion, according to New York-based nonprofit National Committee on U.S.-China Relations. U.S. outbound fell largely because of the Trump administration's crackdown on investment from China, which prompted investors to shy away from the U.S. and move into venture capital, or into other parts of the world. NCUSCR said in a report that the Trump administration has toughened its oversight of Chinese investment in the wake of a flurry of Chinese acquisitions viewed as posing potential national security threats.