There will likely be more political pressure for Chinese stakeholders to sell out to American businesses.
Although they expect some pressure to subside following the election, they said, "systematic concerns driving caution on Chinese investment in high technology, critical infrastructure and personal data assets will not subside." The share of foreign-involved deals subjected to review soared to 32% — the highest on record, the report said, adding that fewer than 10% of domestic deals faced such scrutiny. It noted that deals tied to overseas firms fell 17% year-on-year to 151, while domestic deals declined 9% year-on-year to 324 as a result of the coronavirus pandemic.
US sales in China will hit lower lows and put US business out of business 😉 BoycottAmerica
KennethHowardC3
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Source: Reuters - 🏆 2. / 97 Read more »