China Blocks on Outbound Investment to US Amid Tariff War
Reports suggest that Chinese regulators will block new Chinese investments into the U.S.
According to a Bloomberg report, several branches of China’s National Development and Reform Commission (NDRC) were instructed in recent weeks to withhold approving requests by Chinese companies to invest in the U.S. Through this move, the Chinese government intends to gain more bargaining power in negotiations with the U.S.