Chinese Deal Activity in US Plummets to 17-Year Low – FT
The United States has put limitations on Beijing's ability to acquire semiconductor technology, while a congressional committee is closely examining trade agreements.
According to the Financial Times, the level of business transactions between China and the US has dropped significantly to the lowest point in almost 20 years. This decline can be attributed to the ongoing tension and conflict between the two nations, which has negatively impacted financial interactions between them.
According to the Dealogic report, investment from China in US mergers and acquisitions has reached a mere $221 million this year, the slowest rate since 2006. Similarly, Germany has only seen $189 million worth of Chinese deals, the lowest figure in over ten years. On the other hand, the UK and Australia have experienced a higher level of investment, with deals amounting to $503 million and $228 million, respectively.
Check out the complete article: The Financial Times
The United States is expected to tighten restrictions on investing in funds related to China.
China is on track to have its biggest year on record for overseas metals and mining deals, according to the Financial Times (FT).
Chinese diplomats have made an extraordinary effort to secure lucrative deals as they engage in a frenzy of economic activities.
The United States lacks the authority to meddle in our agreements with Germany, affirms China.
Sean O'Meara holds the position of Editor at Asia Financial. With an extensive background of over three decades in the journalism industry, he has honed his skills at various levels, contributing as a writer, sub-editor, page designer, and print editor for both local and national publications in the United Kingdom. Alongside his passion for football, cricket, and rugby, Sean possesses a keen interest in the realm of sports finance.
