China's foreign direct investment into the U.S. has fallen by over $40 billion in two years.
Feeling unwanted? China money and China visitors to the U.S.:"We're outta here." Photographer: Tomohiro Ohsumi/BloombergChina's direct investment into the U.S. has collapsed since the election of Donald Trump. The numbers are staggering. FDI from China is now at its lowest level in 10 years.
Call it a non-tariff barrier. The tit-for-tat trade spat between Beijing and Washington is having a great impact on cross-border business that, to date, has not been a target of tariff policy. FDI, however, is impacted insofar as Chinese tech companies are not allowed to invest in the U.S. based on national securities issues. This is especially true for telecommunications firms and even some financial services whose business model is primarily digital.
"Interestingly, this scenario would induce the nearly complete reversal of the trade opening achieved by China’s ascension to the WTO in 2001," says BNP chief U.S. economist Daniel P. Ahn. A May survey by the American Chamber of Commerce in China showed that 40% of respondents said they were remapping their supply chain out of China, or seriously considering it. That was three months before Trump announced tariffs on every Chinese import.
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