News Formal

CNBC Daily Open: Is China a no-go for U.S. investment?

  • 📰 CNBC
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 72%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

President Biden's executive order regulating U.S. technology investment in China is the first time Washington is imposing restrictions on U.S. capital outflows.

And more could be in store, given the priority on national interest and security.

But it's a clear signal that the world's second-largest economy is no longer a clear-cut option for American capital. That's bad news for Beijing, which needs foreign capital and technological transfers to bolster sagging growth momentum and elevate its economy up the value chain.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CNBC Daily Open: Inflation, earnings and the American consumerAmericans are being very careful where and how they are spending their money in an age of rising prices.
Source: CNBC - 🏆 12. / 72 Read more »