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Graphic shows rise in Chinese FDI under President Obama and fall under President Tump.
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July 22, 2019 - Chinese foreign direct investment (FDI) in America has plummeted by almost 90 per cent since President Donald Trump took office, according to an independent researcher, the Rhodium Group.

The drop comes amid an ongoing trade war between the U.S. and China and policy shifts as Beijing pressures Chinese companies to reduce their global holdings and reduce debt levels.

During the presidency of Barack Obama, Chinese investment into the United States had been accelerating, with money pouring into autos, tech, energy and agriculture and fuelling new jobs in Michigan, South Carolina, Missouri, Texas and other states. As China’s economy boomed, state and local governments along with American companies, looked to snap up some of those Chinese funds.

Since President Trump took office in January 2017, investment in the U.S. has fallen by 89.7 per cent. Meanwhile, in Canada Chinese FDI has grown by 80 per cent compared to 2017, according to the latest analysis from research provider Rhodium Group.

According to the data, $13 billion worth of U.S. assets were sold by Chinese investors, much of which was purchased during a 2015-2016 investment boom. The Rhodium Group said there’s another $20 billion in divestitures that are still pending.

However, Chinese investors continue to be the top foreign buyers of U.S. residential housing, for the past six years, according to the National Association of Realtors. That comes amid sustained interest in the American market from middle-class Chinese citizens.

Sources
PUBLISHED:22/07/2019; STORY: Graphic News; PICTURES: Associated Press
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