CNBC's The China Connection newsletter: Tariffs eased. Trust didn't.
Chinese investment in the U.S. has significantly decreased over the past decade, yet both nations are seeking areas for potential collaboration. Recent discussions have led to the establishment of trade and investment boards aimed at non-sensitive sectors. Despite challenges, there are ongoing efforts at various levels to foster economic ties between the U.S. and China.
- ▪Chinese investment in the U.S. has plunged over the last decade.
- ▪The U.S. and China announced the creation of trade and investment boards focused on non-sensitive sectors.
- ▪Chinese companies are exploring overseas acquisitions and U.S. manufacturing options to mitigate tariff risks.
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Chinese investment in the U.S. has plunged over the last decade.Still, officials on both sides are looking for areas where cooperation remains possible.The U.S. and China said this month they would establish trade and investment boards focused on non-sensitive sectors, U.S. Treasury Secretary Scott Bessent told CNBC.Fast-growing Chinese consumer companies are also exploring overseas acquisitions, such as the reported acquisition of sustainable fashion brand Everlane by online retailer Shein.At the state level, engagement continues."I see a lot of collaboration happening," said Andrea Chartock, assistant director at the Washington State Department of Commerce's Office of Economic Development and Competitiveness.
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