HONG KONG - Investment between the United States and China tumbled to a nine-year low in the first half of 2020, hit by bilateral tensions that could see more Chinese companies come under pressure to divest US operations, a research report said.
Citing national security risks posed by Chinese technology firms, US President Donald Trump's administration has sharply expanded actions to hobble Chinese companies. ByteDance is currently seeking approval for a deal with Oracle Corp that is structured as a partnership rather than an outright sale. It added that the US treatment of ByteDance and the broader shift away from US-China technology integration may lead to policies which make it more difficult for US tech firms to operate in China.
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