WASHINGTON - The Trump administration is moving ahead with discussions around possible restrictions on capital flows into China, with a particular focus on investments made by US government pension funds, people familiar with the internal deliberations said.
The yen has strengthened against the dollar, US stock futures went lower, while bond yields have extended declines. They argue that Americans are harmed by channelling money into Chinese firms that are allegedly involved in human-rights violations and at the centre of US national security concerns. "What we're looking at is US investor protections, transparency and compliance with a number of laws," Mr Kudlow told reporters on Monday."There's been complaints by the stock exchanges about this, the SEC has heard complaints, so we've opened up a study group to take a look at it, but we're very early in our deliberations."